• Trane Technologies average current ratio for 2023 was 1.22, a 4.27% decline from 2022.
• Trane Technologies average current ratio for 2022 was 1.17, a 24.03% increase from 2021.
• Trane Technologies average current ratio for 2021 was 1.54, a 4.94% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.