Trane Technologies PLC

TT
Passed

Company Overview

Trane Technologies Plc engages in providing solutions to buildings, homes, and transportation. It operates through the following business segments: Americas, EMEA, and Asia Pacific. The Americas segment encompasses commercial heating and cooling systems, building controls, and energy services and solutions, residential heating and cooling, and transport refrigeration systems, and solutions in North America and Latin America regions. The EMEA segment includes heating and cooling systems, services and solutions for commercial buildings, and transport refrigeration systems and solutions in Europe, Middle East, and Africa regions. The Asia Pacific segment is involved in heating and cooling systems, services and solutions for commercial buildings and transport refrigeration systems and solutions in Asia Pacific region. The company was founded in 1871 and is headquartered in Swords, Ireland.

Country
US
Market Cap
$54.88B
Last Fiscal Year
2023
Final Shariah Status
Passed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.06% passed
5% Threshold
0.1%
Liabilities Compliance
8.71% passed
33% Threshold
8.7%
Final Shariah Status
Passed

This stock meets all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Trane Technologies PLC
Ticker TT
Main Business Building Products & Equipment
Type Common Stock
Industry Building Products & Equipment
Country US
Market Cap $54.88 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Equipment $10,930.0 $0.0 -
Services $5,060.0 $0.0 -
Interest income $9.2 $9.2 -
Total $15,999.2 $9.2 0.06% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
current debt and capital lease obligation $801,900,000.0 1.46%
long term debt and capital lease obligation $3,980,000,000.0 7.25%
Total Interest-Bearing Debt $4,781,900,000.0 8.71%
Market Capitalization $54,882,378,000.0 100.00%
Compliance Status Threshold: 33% passed