USD -908 Mil as of today(2019-09-21). CIT Interest Expense explanation, calculation, historical data and more" />CIT Interest Expense | CIT Group - GuruFocus.com
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CIT Group Interest Expense

: USD -908 Mil (TTM As of Jun. 2019)
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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CIT Group's interest expense for the three months ended in Jun. 2019 was USD -243 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2019 was USD -908 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CIT Group's Operating Income for the three months ended in Jun. 2019 was USD 0 Mil. CIT Group's Interest Expense for the three months ended in Jun. 2019 was USD -243 Mil. CIT Group did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CIT Group Interest Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

CIT Group Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -715.10 -731.40 -753.20 -717.70 -815.10

CIT Group Quarterly Data
Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -205.20 -213.90 -215.50 -235.60 -242.70

CIT Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2019 was -213.9 (Sep. 2018 ) + -215.5 (Dec. 2018 ) + -235.6 (Mar. 2019 ) + -242.7 (Jun. 2019 ) = USD -908 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

CIT Group  (NYSE:CIT) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CIT Group's Interest Expense for the three months ended in Jun. 2019 was USD -243 Mil. Its Operating Income for the three months ended in Jun. 2019 was USD 0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2019 was USD 6,572 Mil.

CIT Group's Interest Coverage for the quarter that ended in Jun. 2019 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The higher the ratio, the stronger the company's financial strength is.

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