Trane Technologies plc (TT) Quick Ratio (Acid-Test): 0.92
Is Trane Technologies plc’s quick ratio (acid-test) high or low?
Trane Technologies plc's quick ratio (acid-test) of 0.92 is in line with its 5-year average of 0.95, near the low end of its 5-year range (0.77–1.32).
As of Wednesday, June 24, 2026. 2.22% above its 12-month average of 0.90.
TT Quick Ratio (Acid-Test) Chart
Reported annual fiscal-period values; no daily interpolation.
TT Average Quick Ratio (Acid-Test) Chart
TT Current vs Average Quick Ratio (Acid-Test) Chart
TT Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
0.92
QUICK RATIO (ACID-TEST) AVG TTM
0.90
QUICK RATIO (ACID-TEST) AVG 3Y
0.84
QUICK RATIO (ACID-TEST) AVG 5Y
0.95
QUICK RATIO (ACID-TEST) AVG 10Y
0.96
QUICK RATIO (ACID-TEST) AVG 15Y
0.99
QUICK RATIO (ACID-TEST) AVG 20Y
0.92
CURRENT VS TTM AVG
+2.22%
CURRENT VS 3Y AVG
+9.85%
CURRENT VS 5Y AVG
-3.33%
CURRENT VS 10Y AVG
-4.35%
CURRENT VS 15Y AVG
-7.25%
CURRENT VS 20Y AVG
+0.06%
TT Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Trane Technologies plc (TT) | $104.86B | 0.92 | 0.90 | 0.84 | 0.95 |
| Quanta Services, Inc. (PWR)vs › | $105.39B | 1.09 | 1.18 | 1.34 | 1.42 |
| Howmet Aerospace Inc. (HWM)vs › | $110.08B | 1.09 | 1.04 | 1.00 | 1.06 |
| Cummins Inc. (CMI)vs › | $96.46B | 1.16 | 0.98 | 0.87 | 0.99 |
| General Dynamics Corporation (GD)vs › | $94.74B | 0.89 | 0.85 | 0.90 | 0.94 |
| Lockheed Martin Corporation (LMT)vs › | $116.13B | 0.94 | 0.94 | 1.01 | 1.07 |
| Bloom Energy Corporation (BE)vs › | $91.59B | 4.95 | 3.65 | 2.82 | 2.38 |
| Parker-Hannifin Corporation (PH)vs › | $119.48B | 0.71 | 0.63 | 0.86 | 0.93 |
| United Parcel Service, Inc. (UPS)vs › | $89.96B | 1.22 | 1.17 | 1.14 | 1.18 |
| Vertiv Holdings Co (VRT)vs › | $120.63B | 1.22 | 1.23 | 1.26 | 1.23 |
Liquidity Comparison
Quick Ratio
0.92
Excludes inventory
Current Ratio
1.25
Includes inventory
Trane Technologies plc Quick Ratio (Acid-Test) Formula & Definition
Quick Ratio = (Current Assets − Inventory) / Current Liabilities
The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Trane Technologies plc Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Trane Technologies plc (TT)?
- The quick ratio (acid-test) for TT stock is 0.92.
- Is Trane Technologies plc's quick ratio (acid-test) high or low?
- Trane Technologies plc's quick ratio (acid-test) of 0.92 is in line with its 5-year average of 0.95, near the low end of its 5-year range (0.77–1.32).
- What is the TTM average quick ratio (acid-test) for Trane Technologies plc (TT)?
- The TTM average quick ratio (acid-test) for TT stock is 0.90.
- What is the 3Y average quick ratio (acid-test) for Trane Technologies plc (TT)?
- The 3Y average quick ratio (acid-test) for TT stock is 0.84.
- What is the 5Y average quick ratio (acid-test) for Trane Technologies plc (TT)?
- The 5Y average quick ratio (acid-test) for TT stock is 0.95.
- What is the 10Y average quick ratio (acid-test) for Trane Technologies plc (TT)?
- The 10Y average quick ratio (acid-test) for TT stock is 0.96.
- What is the 15Y average quick ratio (acid-test) for Trane Technologies plc (TT)?
- The 15Y average quick ratio (acid-test) for TT stock is 0.99.
- What is the 20Y average quick ratio (acid-test) for Trane Technologies plc (TT)?
- The 20Y average quick ratio (acid-test) for TT stock is 0.92.
Trane Technologies plc Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-12-31 | 0.92 |
| 2024-12-31 | 0.88 |
| 2023-12-31 | 0.78 |
| 2022-12-31 | 0.77 |
| 2021-12-31 | 1.04 |
| 2020-12-31 | 1.32 |
| 2019-12-31 | 0.93 |
| 2018-12-31 | 0.94 |
| 2017-12-31 | 0.95 |
| 2016-12-31 | 1.17 |
| 2015-12-31 | 0.88 |
| 2014-12-31 | 1.19 |
| 2013-12-31 | 1.34 |
| 2012-12-31 | 0.87 |
| 2011-12-31 | 0.95 |
| 2010-12-31 | 0.94 |
| 2009-12-31 | 0.91 |
| 2008-12-31 | 0.69 |
| 2007-12-31 | 2.12 |
| 2006-12-31 | 0.77 |
| 2005-12-31 | 0.97 |
| 2004-12-31 | 1.23 |
| 2003-12-31 | 0.83 |
| 2002-12-31 | 0.77 |
| 2001-12-31 | 0.63 |
| 2000-12-31 | 0.53 |
| 1999-12-31 | 1.22 |
| 1998-12-31 | 0.92 |
| 1997-12-31 | 0.73 |
| 1996-12-31 | 1.36 |
Related Metrics
About Trane Technologies plc
Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions. The company also provides asset management, building management, bus air purification, bus and rail HVAC, container refrigeration, control, ductless, geothermal, data center and multi-pipe HVAC, package heating and cooling, rail refrigeration, residential air filtration, self and vehicle powered truck refrigeration, temporary heating and cooling, truck refrigeration, unitary, variable refrigerant flow, and trailer refrigeration systems. In addition, it offers industrial process refrigeration, installation contracting, lighting retrofit, medical grade refrigeration, refrigerant reclamation, renewable energy and storage, residential hybrid heating, telematics, thermostats/controls and associated digital, ventilation, and stationary cold storage solutions; packaged rooftop units; rate chambers; residential air filters; thermal energy storage; transport heater products; temperature freezers; energy infrastructure programs and management, repair and maintenance, smart and AI-enabled, and rental services; water source heat pumps; and aftermarket and OEM parts and supplies. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. The company was founded in 1885 and is headquartered in Swords, Ireland.
- Sector
- Industrials
- Industry
- Machinery, Tools, Heavy Vehicles, Trains & Ships
- CEO
- David S. Regnery