Trane Net Working Capital vs Net Debt Analysis

TT Stock

USD 415.39 4.23 1.03%

Trane Technologies financial indicator trend analysis is much more than just breaking down Trane Technologies plc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Trane Technologies plc is a good investment. Please check the relationship between Trane Technologies Net Working Capital and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trane Technologies plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Net Working Capital vs Net Debt

Net Working Capital vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trane Technologies plc Net Working Capital account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Trane Technologies' Net Working Capital and Net Debt is -0.28. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Trane Technologies plc, assuming nothing else is changed. The correlation between historical values of Trane Technologies' Net Working Capital and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Trane Technologies plc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Working Capital i.e., Trane Technologies' Net Working Capital and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.28

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Net Working Capital

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Trane Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Trane Technologies plc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Trane Technologies plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

At this time, Trane Technologies' Selling General Administrative is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 19.73 in 2024, whereas Tax Provision is likely to drop slightly above 375.5 M in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	14.1B	16.0B	17.7B	10.6B
Depreciation And Amortization	294.1M	319.2M	348.1M	272.8M

Total Revenue Depreciation And Amortization

Trane Technologies fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Short Term Investments	Common Stock	Current Deferred Revenue
Total Assets		0.88	0.56	0.86	0.97	0.83	0.72	0.87	0.49	0.98	0.18	0.49	0.85	-0.32	0.95	0.68	0.43	-0.16	0.99	0.9	0.5	0.72	0.91	0.85	-0.82	-0.36
Short Long Term Debt Total	0.88		0.54	0.85	0.77	0.69	0.79	0.91	0.61	0.8	0.52	0.61	0.85	-0.63	0.84	0.72	0.04	-0.5	0.92	0.93	0.45	0.84	0.67	0.73	-0.94	-0.45
Other Current Liab	0.56	0.54		0.69	0.52	0.73	0.58	0.54	0.13	0.51	0.3	0.13	0.7	-0.59	0.39	0.68	0.13	-0.5	0.56	0.59	0.46	0.7	0.54	0.82	-0.56	-0.22
Total Current Liabilities	0.86	0.85	0.69		0.79	0.85	0.81	0.86	0.34	0.79	0.29	0.34	0.97	-0.56	0.68	0.91	0.12	-0.44	0.88	0.89	0.7	0.93	0.64	0.75	-0.85	-0.2
Total Stockholder Equity	0.97	0.77	0.52	0.79		0.82	0.62	0.83	0.45	0.97	0.04	0.45	0.79	-0.23	0.9	0.6	0.55	-0.08	0.93	0.84	0.45	0.63	0.92	0.84	-0.72	-0.4
Property Plant And Equipment Net	0.83	0.69	0.73	0.85	0.82		0.8	0.75	0.1	0.83	0.12	0.1	0.89	-0.37	0.69	0.82	0.32	-0.21	0.82	0.73	0.42	0.73	0.75	0.79	-0.71	-0.14
Net Debt	0.72	0.79	0.58	0.81	0.62	0.8		0.77	-0.01	0.72	0.37	-0.01	0.85	-0.55	0.63	0.87	0.06	-0.41	0.76	0.63	0.39	0.81	0.59	0.61	-0.78	-0.14
Retained Earnings	0.87	0.91	0.54	0.86	0.83	0.75	0.77		0.49	0.79	0.4	0.49	0.9	-0.67	0.75	0.79	0.12	-0.56	0.87	0.91	0.41	0.87	0.65	0.71	-0.92	-0.53
Cash	0.49	0.61	0.13	0.34	0.45	0.1	-0.01	0.49		0.38	0.37	1.0	0.29	-0.32	0.55	0.04	-0.01	-0.28	0.51	0.69	0.23	0.32	0.33	0.41	-0.52	-0.54
Non Current Assets Total	0.98	0.8	0.51	0.79	0.97	0.83	0.72	0.79	0.38		0.08	0.38	0.79	-0.19	0.95	0.62	0.53	-0.02	0.97	0.8	0.46	0.63	0.95	0.83	-0.73	-0.29
Non Currrent Assets Other	0.18	0.52	0.3	0.29	0.04	0.12	0.37	0.4	0.37	0.08		0.37	0.32	-0.62	0.19	0.3	-0.32	-0.69	0.25	0.39	0.03	0.5	-0.05	0.13	-0.43	-0.18
Cash And Short Term Investments	0.49	0.61	0.13	0.34	0.45	0.1	-0.01	0.49	1.0	0.38	0.37		0.29	-0.32	0.55	0.04	-0.01	-0.28	0.51	0.69	0.23	0.32	0.33	0.41	-0.52	-0.54
Net Receivables	0.85	0.85	0.7	0.97	0.79	0.89	0.85	0.9	0.29	0.79	0.32	0.29		-0.61	0.68	0.95	0.07	-0.49	0.87	0.88	0.52	0.95	0.63	0.74	-0.9	-0.28
Common Stock Shares Outstanding	-0.32	-0.63	-0.59	-0.56	-0.23	-0.37	-0.55	-0.67	-0.32	-0.19	-0.62	-0.32	-0.61		-0.19	-0.65	0.44	0.95	-0.37	-0.58	-0.26	-0.76	-0.09	-0.44	0.73	0.46
Non Current Liabilities Total	0.95	0.84	0.39	0.68	0.9	0.69	0.63	0.75	0.55	0.95	0.19	0.55	0.68	-0.19		0.47	0.46	-0.01	0.95	0.8	0.32	0.54	0.91	0.78	-0.75	-0.37
Inventory	0.68	0.72	0.68	0.91	0.6	0.82	0.87	0.79	0.04	0.62	0.3	0.04	0.95	-0.65	0.47		-0.06	-0.54	0.7	0.72	0.49	0.93	0.45	0.6	-0.81	-0.14
Other Current Assets	0.43	0.04	0.13	0.12	0.55	0.32	0.06	0.12	-0.01	0.53	-0.32	-0.01	0.07	0.44	0.46	-0.06		0.48	0.35	0.14	0.18	-0.12	0.67	0.42	0.04	-0.09
Other Stockholder Equity	-0.16	-0.5	-0.5	-0.44	-0.08	-0.21	-0.41	-0.56	-0.28	-0.02	-0.69	-0.28	-0.49	0.95	-0.01	-0.54	0.48		-0.2	-0.46	-0.2	-0.68	0.09	-0.26	0.57	0.49
Total Liab	0.99	0.92	0.56	0.88	0.93	0.82	0.76	0.87	0.51	0.97	0.25	0.51	0.87	-0.37	0.95	0.7	0.35	-0.2		0.91	0.51	0.76	0.87	0.84	-0.86	-0.33
Total Current Assets	0.9	0.93	0.59	0.89	0.84	0.73	0.63	0.91	0.69	0.8	0.39	0.69	0.88	-0.58	0.8	0.72	0.14	-0.46	0.91		0.52	0.85	0.68	0.78	-0.91	-0.48
Short Term Debt	0.5	0.45	0.46	0.7	0.45	0.42	0.39	0.41	0.23	0.46	0.03	0.23	0.52	-0.26	0.32	0.49	0.18	-0.2	0.51	0.52		0.55	0.4	0.49	-0.38	0.1
Accounts Payable	0.72	0.84	0.7	0.93	0.63	0.73	0.81	0.87	0.32	0.63	0.5	0.32	0.95	-0.76	0.54	0.93	-0.12	-0.68	0.76	0.85	0.55		0.45	0.65	-0.88	-0.3
Intangible Assets	0.91	0.67	0.54	0.64	0.92	0.75	0.59	0.65	0.33	0.95	-0.05	0.33	0.63	-0.09	0.91	0.45	0.67	0.09	0.87	0.68	0.4	0.45		0.88	-0.6	-0.31
Short Term Investments	0.85	0.73	0.82	0.75	0.84	0.79	0.61	0.71	0.41	0.83	0.13	0.41	0.74	-0.44	0.78	0.6	0.42	-0.26	0.84	0.78	0.49	0.65	0.88		-0.73	-0.39
Common Stock	-0.82	-0.94	-0.56	-0.85	-0.72	-0.71	-0.78	-0.92	-0.52	-0.73	-0.43	-0.52	-0.9	0.73	-0.75	-0.81	0.04	0.57	-0.86	-0.91	-0.38	-0.88	-0.6	-0.73		0.47
Current Deferred Revenue	-0.36	-0.45	-0.22	-0.2	-0.4	-0.14	-0.14	-0.53	-0.54	-0.29	-0.18	-0.54	-0.28	0.46	-0.37	-0.14	-0.09	0.49	-0.33	-0.48	0.1	-0.3	-0.31	-0.39	0.47

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Trane Technologies Account Relationship Matchups

Trane Technologies fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	20.5B	18.2B	18.1B	18.1B	19.4B	12.8B
Short Long Term Debt Total	5.6B	5.3B	4.8B	4.8B	4.8B	3.0B
Other Current Liab	2.4B	1.9B	2.5B	2.4B	3.2B	3.4B
Total Current Liabilities	4.9B	4.3B	4.5B	5.7B	6.1B	3.2B
Total Stockholder Equity	7.3B	6.4B	6.3B	6.1B	7.0B	4.9B
Property Plant And Equipment Net	1.8B	1.3B	1.4B	1.5B	2.3B	1.4B
Net Debt	4.3B	2.0B	2.7B	3.6B	3.7B	2.0B
Retained Earnings	9.7B	8.5B	8.4B	8.3B	9.1B	5.1B
Cash	1.3B	3.3B	2.2B	1.2B	1.1B	936.6M
Non Current Assets Total	14.3B	11.3B	11.6B	11.7B	12.5B	8.4B
Non Currrent Assets Other	1.5B	1.3B	1.4B	478.9M	701.6M	629.6M
Cash And Short Term Investments	1.3B	3.3B	2.2B	1.2B	1.1B	944.8M
Net Receivables	2.8B	2.2B	2.6B	3.0B	3.4B	1.8B
Common Stock Shares Outstanding	244.4M	243.1M	242.3M	234.9M	230.7M	244.9M
Liabilities And Stockholders Equity	20.5B	18.2B	18.1B	18.1B	19.4B	12.8B
Non Current Liabilities Total	8.3B	7.4B	7.3B	6.3B	6.3B	4.6B
Inventory	1.7B	1.2B	1.5B	2.0B	2.2B	1.2B
Other Current Assets	403.3M	224.4M	186.7M	183.6M	207.3M	402.2M
Total Liab	13.2B	11.7B	11.8B	12.0B	12.4B	7.8B
Total Current Assets	6.2B	6.9B	6.5B	6.4B	6.9B	4.4B
Short Term Debt	650.5M	914.4M	497.7M	1.2B	801.9M	722.8M
Accounts Payable	1.8B	1.5B	1.8B	2.1B	2.0B	1.3B
Intangible Assets	4.1B	3.3B	3.3B	3.3B	3.4B	3.5B
Accumulated Other Comprehensive Income	(1.0B)	(631.5M)	(637.6M)	(766.2M)	(670.8M)	(704.3M)
Common Stock	262.8M	263.3M	259.7M	253.3M	251.7M	297.5M
Current Deferred Revenue	682M	578M	805.4M	1.0B	1.2B	849.0M
Good Will	6.8B	5.3B	5.5B	5.5B	6.1B	6.3B
Property Plant And Equipment Gross	1.8B	1.3B	3.2B	3.4B	3.8B	4.0B
Other Assets	927.8M	1.3B	1.4B	1.4B	1.6B	1.2B
Long Term Debt	4.9B	4.5B	4.5B	3.8B	4.0B	4.4B
Long Term Debt Total	4.9B	4.5B	4.5B	3.8B	4.4B	4.4B
Property Plant Equipment	1.8B	1.8B	1.4B	1.5B	1.4B	1.3B
Other Liab	2.7B	2.6B	2.8B	2.2B	2.0B	2.2B
Net Tangible Assets	(1.2B)	(2.2B)	(2.5B)	(2.7B)	(3.1B)	(3.2B)
Short Long Term Debt	650.5M	775.6M	350.4M	1.0B	801.9M	748.7M
Non Current Liabilities Other	1.5B	2.9B	2.8B	2.5B	1.0B	1.9B

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