Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 19.30% is 22% below its 5-year average of 24.84%, near the low end of its 5-year range (19.30%–27.46%).
As of the fiscal period ended Tuesday, June 30, 2026. 7.86% below its 12-month average of 20.94%.
Reported quarterly debt to assets ratio; no daily interpolation.
DEBT TO ASSETS RATIO
19.30%
DEBT TO ASSETS RATIO AVG TTM
20.94%
DEBT TO ASSETS RATIO AVG 3Y
23.49%
DEBT TO ASSETS RATIO AVG 5Y
24.84%
DEBT TO ASSETS RATIO AVG 10Y
25.24%
DEBT TO ASSETS RATIO AVG 15Y
23.89%
DEBT TO ASSETS RATIO AVG 20Y
22.55%
CURRENT VS TTM AVG
-7.86%
CURRENT VS 3Y AVG
-17.86%
CURRENT VS 5Y AVG
-22.32%
CURRENT VS 10Y AVG
-23.56%
CURRENT VS 15Y AVG
-19.23%
CURRENT VS 20Y AVG
-14.45%
SECTOR MEDIAN · INDUSTRIALS
0.28%
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
+6791.60%
vs the sector median at left
Trane Technologies plc
Market Cap
$106.12B
Debt to Assets Ratio
19.30%
TTM Avg
20.94%
3Y Avg
23.49%
5Y Avg
24.84%
Market Cap
$106.07B
Debt to Assets Ratio
0.16%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$101.01B
Debt to Assets Ratio
0.23%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$112.78B
Debt to Assets Ratio
0.36%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $106.12B | 19.30% | 20.94% | 23.49% | 24.84% |
| General Dynamics Corporation (GD)vs › | $106.07B | 0.16% | N/A | N/A | N/A |
| Vertiv Holdings Co (VRT)vs › | $104.87B | 0.20% | N/A | N/A | N/A |
| Quanta Services, Inc. (PWR)vs › | $101.01B | 0.23% | N/A | N/A | N/A |
| Howmet Aerospace Inc. (HWM)vs › | $112.78B | 0.36% | N/A | N/A | N/A |
| 3M Company (MMM)vs › | $94.32B | 0.36% | N/A | N/A | N/A |
| CSX Corporation (CSX)vs › | $93.12B | 0.43% | N/A | N/A | N/A |
| Waste Management, Inc. (WM)vs › | $91.01B | 0.50% | N/A | N/A | N/A |
| Cummins Inc. (CMI)vs › | $88.90B | 0.22% | N/A | N/A | N/A |
| United Parcel Service, Inc. (UPS)vs › | $88.76B | 0.40% | N/A | N/A | N/A |
Debt/Assets
19.3%
Debt/Equity
0.53
Current Ratio
1.07
Interest Coverage
17.4x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 19.30% |
| 2026-03-31 | 20.29% |
| 2025-12-31 | 21.55% |
| 2025-09-30 | 21.60% |
| 2025-06-30 | 21.99% |
| 2025-03-31 | 23.72% |
| 2024-12-31 | 23.68% |
| 2024-09-30 | 25.21% |
| 2024-06-30 | 26.08% |
| 2024-03-31 | 25.24% |
| 2023-12-31 | 24.65% |
| 2023-09-30 | 25.52% |
| 2023-06-30 | 26.59% |
| 2023-03-31 | 26.99% |
| 2022-12-31 | 26.75% |
| 2022-09-30 | 27.27% |
| 2022-06-30 | 27.35% |
| 2022-03-31 | 27.46% |
| 2021-12-31 | 26.81% |
| 2021-09-30 | 26.60% |
| 2021-06-30 | 27.03% |
| 2021-03-31 | 27.89% |
| 2020-12-31 | 29.04% |
| 2020-09-30 | 29.37% |
| 2020-06-30 | 30.59% |
| 2020-03-31 | 31.61% |
| 2019-12-31 | 27.20% |
| 2019-09-30 | 27.44% |
| 2019-06-30 | 27.82% |
| 2019-03-31 | 28.31% |
| 2018-12-31 | 22.84% |
| 2018-09-30 | 22.35% |
| 2018-06-30 | 23.61% |
| 2018-03-31 | 23.69% |
| 2017-12-31 | 22.36% |
| 2017-09-30 | 22.92% |
| 2017-06-30 | 22.88% |
| 2017-03-31 | 23.60% |
| 2016-12-31 | 23.40% |
| 2016-09-30 | 22.97% |
| 2016-06-30 | 23.44% |
| 2016-03-31 | 26.38% |
| 2015-12-31 | 25.32% |
| 2015-09-30 | 25.65% |
| 2015-06-30 | 24.57% |
| 2015-03-31 | 26.10% |
| 2014-12-31 | 24.42% |
| 2014-09-30 | 20.92% |
| 2014-06-30 | 20.76% |
| 2014-03-31 | 21.02% |
| 2013-12-31 | 19.94% |
| 2013-09-30 | 18.56% |
| 2013-06-30 | 23.59% |
| 2013-03-31 | 17.41% |
| 2012-12-31 | 17.48% |
| 2012-09-30 | 17.66% |
| 2012-06-30 | 17.58% |
| 2012-03-31 | 19.27% |
| 2011-12-31 | 19.42% |
| 2011-09-30 | 18.67% |
| 2011-06-30 | 17.69% |
| 2011-03-31 | 18.28% |
| 2010-12-31 | 18.43% |
| 2010-09-30 | 18.09% |
| 2010-06-30 | 19.08% |
| 2010-03-31 | 19.94% |
| 2009-12-31 | 20.49% |
| 2009-09-30 | 20.53% |
| 2009-06-30 | 23.12% |
| 2009-03-31 | 25.31% |
| 2008-12-31 | 24.49% |
| 2008-09-30 | 21.40% |
| 2008-06-30 | 23.02% |
| 2008-03-31 | 10.41% |
| 2007-12-31 | 10.11% |
| 2007-09-30 | 19.34% |
| 2007-06-30 | 12.75% |
| 2007-03-31 | 16.84% |
| 2006-12-31 | 16.34% |
| 2006-09-30 | 17.65% |
| 2006-06-30 | 13.94% |
| 2006-03-31 | 17.60% |
| 2005-12-31 | 18.01% |
| 2005-09-30 | 18.93% |
| 2005-06-30 | 18.81% |
| 2005-03-31 | 17.53% |
| 2004-12-31 | 16.47% |
| 2004-09-30 | 18.37% |
| 2004-06-30 | 19.44% |
| 2004-03-31 | 21.92% |
| 2003-12-31 | 21.75% |
| 2003-09-30 | 23.52% |
| 2003-06-30 | 24.80% |
| 2003-03-31 | 26.35% |
| 2002-12-31 | 30.04% |
| 2002-09-30 | 32.02% |
