Trane Other Stockholder Equity vs Total Current Liabilities Analysis
TT Stock | USD 327.46 2.46 0.76% |
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 Other Stockholder Equity and its Total Current Liabilities 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 tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Other Stockholder Equity vs Total Current Liabilities
Other Stockholder Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Trane Technologies plc Other Stockholder Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Trane Technologies' Other Stockholder Equity and Total Current Liabilities is -0.44. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Total Current Liabilities 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' Other Stockholder Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Trane Technologies plc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Other Stockholder Equity i.e., Trane Technologies' Other Stockholder Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.44 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Stockholder Equity
Total Current Liabilities
Total Current Liabilities is an item on Trane Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Trane Technologies plc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.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 tightly coupled 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 19.69 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 | 300.5M | 300.3M | 348.1M | 272.6M |
Trane Technologies fundamental ratios Correlations
Click cells to compare fundamentals
Trane Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 2.0B | 1.5B | 1.5B | 2.0B | 1.3B | |
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 | 1.8B | 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 | 1.2B | 644.1M | |
Cash And Short Term Investments | 1.3B | 3.3B | 2.2B | 1.2B | 1.1B | 944.8M | |
Net Receivables | 2.8B | 2.2B | 2.4B | 2.8B | 3.0B | 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 | 351.5M | 384.8M | 665.7M | 425.5M | |
Other Stockholder Equity | (1.7B) | (1.7B) | (1.7B) | (1.7B) | (1.7B) | (1.6B) | |
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 | 775.6M | 350.4M | 1.0B | 801.9M | 709.6M | |
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 |
Pair Trading with Trane Technologies
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Trane Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Trane Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Trane Stock
0.91 | OC | Owens Corning | PairCorr |
0.81 | DOOR | Masonite International | PairCorr |
0.77 | VKSC | Viskase Companies | PairCorr |
Moving against Trane Stock
0.72 | BLDR | Builders FirstSource | PairCorr |
0.7 | FBIN | Fortune Brands Innov | PairCorr |
0.69 | MAS | Masco | PairCorr |
0.63 | APT | Alpha Pro Tech Downward Rally | PairCorr |
0.62 | JELD | Jeld Wen Holding | PairCorr |
The ability to find closely correlated positions to Trane Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trane Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Trane Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Trane Technologies plc to buy it.
The correlation of Trane Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trane Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trane Technologies plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Trane Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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Is Trane Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Trane Technologies. If investors know Trane will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Trane Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.43 | Dividend Share 3.09 | Earnings Share 9.46 | Revenue Per Share 79.9 | Quarterly Revenue Growth 0.15 |
The market value of Trane Technologies plc is measured differently than its book value, which is the value of Trane that is recorded on the company's balance sheet. Investors also form their own opinion of Trane Technologies' value that differs from its market value or its book value, called intrinsic value, which is Trane Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Trane Technologies' market value can be influenced by many factors that don't directly affect Trane Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Trane Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Trane Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Trane Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.