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CIT Group Interest Expense

: $-824 Mil (TTM As of Sep. 2020)
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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 Sep. 2020 was $ -166 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2020 was $-824 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 Sep. 2020 was $ Mil. CIT Group's Interest Expense for the three months ended in Sep. 2020 was $ Mil. 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
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Interest Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -731.40 -753.20 -717.70 -815.10 -952.00

CIT Group Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 -243.90 -229.80 -225.70 -202.50 -165.50

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 Sep. 2020 was -229.8 (Dec. 2019 ) + -225.7 (Mar. 2020 ) + -202.5 (Jun. 2020 ) + -165.5 (Sep. 2020 ) = $-824 Mil.

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

CIT Group Interest Expense Headlines

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