Trane Intangible Assets vs Net Invested Capital Analysis

TT Stock

USD 416.09 3.05 0.73%

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 Intangible Assets and its Net Invested Capital 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.

Intangible Assets vs Net Invested Capital

Intangible Assets vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trane Technologies plc Intangible Assets account and Net Invested Capital. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Trane Technologies' Intangible Assets and Net Invested Capital is 0.11. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Invested Capital 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' Intangible Assets and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Trane Technologies plc are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Intangible Assets i.e., Trane Technologies' Intangible Assets and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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	343.5M	272.7M

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

Click cells to compare fundamentals

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Trane Stock Analysis

When running Trane Technologies' price analysis, check to measure Trane Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Trane Technologies is operating at the current time. Most of Trane Technologies' value examination focuses on studying past and present price action to predict the probability of Trane Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trane Technologies' price. Additionally, you may evaluate how the addition of Trane Technologies to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC