CIT Group Interest Expense

: $-469 Mil (TTM As of Sep. 2021)

View and export this data going back to 1997. Start your Free Trial

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. 2021 was $ -103 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-469 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. 2021 was $ Mil. CIT Group's Interest Expense for the three months ended in Sep. 2021 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

The historical data trend for CIT Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CIT Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

-753.20

-717.70

-815.10

-952.00

-733.30

CIT Group Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense																-165.50	-139.60	-119.60	-106.80	-103.00

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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-469 Mil.

CIT Group Business Description

Industry

Financial Services » Banks NAICS : 522110 SIC : 6022

Comparable Companies

NAS:COLB NAS:SSB NAS:ABCB NAS:CFFN NYSE:HTH NAS:HWC NAS:AUB NAS:CLBK NAS:FULT NYSE:BKU SHSE:600036 NSE:HDFCBANK HKSE:01658 MIC:SBERP NYSE:USB NYSE:TFC NYSE:PNC SHSE:601166 BSP:ITUB3 SHSE:600000

Traded in Other Exchanges

CITpB.PFD:USA QIT1:Germany

Address

11 West 42nd Street, New York, NY, USA, 10036

Website

http://www.cit.com

CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.

Executives

Alemany Ellen R	director, officer: Chair & CEO	ONE ADP BOULEVARD ROSELAND NJ 07068
Rosenfeld Gerald	director	C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Duffy James J	officer: EVP & Chief HR Officer	C/O CIT GROUP, 11 WEST 42ND ST. NEW YORK NY 10036
Solk Steve	officer: President, Consumer Banking	C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Fawcett John J.	officer: EVP and Chief Financial Office	C/O CIT GROUP INC. 1 CIT DRIVE LIVINGSTON NJ 07039
Sperling Edward K	officer: EVP & Controller	C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Menelly Denise M.	officer: EVP, Head of Technology & Ops	C/O CIT GROUP INC., 1 CIT DRIVE LIVINGSTON NJ 07039
Proia Gina M.	officer: EVP & Head of Marketing	C/O CIT GROUP INC., ATTN GENERAL COUNSEL 1 CIT DRIVE LIVINGSTON NJ 07039
Plummer Wahida	officer: EVP & Chief Risk Officer	C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harney Marisa	officer: EVP & Chief Credit Officer	C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Harnisch David	officer: Pres., Commercial Finance	C/O CIT GROUP, 1 CIT DRIVE LIVINGSTON NJ 07039
Tran Khanh T	director	C/O CIT GROUP INC., 1 CIT DRIVE, #3521-9 LIVINGSTON NJ 07039
Freeman William M	director	C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Oates R. Brad	director	C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039
Frank Alan L	director	C/O CIT GROUP, 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039

CIT Group Headlines

From GuruFocus

GuruFocus Screeners

My Screeners

Value Screens

Model Portfolios

Market Valuation

Economic Indicators

By Country

Articles

Submit Articles

CIT Group Interest Expense

CIT Group Interest Expense Historical Data

CIT Group Interest Expense Calculation

CIT Group Business Description

CIT Group Headlines

CIT Wins Two 2021 Stevie� American Business Awards�

CIT Northbridge Serves as Sole Lead Arranger on $50 Million Credit Facility for Intermetal Rebar LLC

KKR and AV AirFinance Agree to Purchase CIT Aviation Lending Portfolio

CIT Provides $35.7 Million Financing for Brooklyn Apartment Development

CIT Serves as Sole Lead Arranger on $33.2 Million Financing for Brooklyn Medical Office Building

CIT Serves as Sole Lender on $20 Million Credit Facility for GEE Group Inc.

CIT Provides $28.2 Million in Financing for California Apartment Complex Development

CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center

CIT Declares Dividends

CIT Serves as Lead Arranger for Approximately $68.4 Million in Financing for Crane Solar in Texas

Top Ranked Income Stocks to Buy for July 8th

All You Need to Know About CIT (CIT) Rating Upgrade to Strong Buy

Fed Chair Confirms Easy Monetary Policy Will Stay: 5 Top Picks

Finance Stocks' Q4 Earnings Due on Jan 26: AXP, NAVI & More

LendingClub (LC) Q4 Loss In Line, Revenues & Costs Decline

CIT (CIT) Up 74% Since Last Earnings Report: Can It Continue?

CIT Group (CIT) Q4 Earnings Beat on Higher Revenues, Stock Down

Nasdaq Treads Water as Flex Lights Up, First Citizens Climbs on CIT Buy

People's United Closes Divestiture of PUIA to AssuredPartners

Treasury Yields Climb on Brexit Trade Deal Hopes, Mixed Economic Data

Why CIT Group Extended Its Winning Streak on Monday

CIT Group (CIT) Q3 Earnings and Revenues Beat Estimates

Farmers & Merchants (FMAO) Buys Assets of Adams County Financial

CIT Group (CIT) Beats on Q2 Earnings as Revenues Improve Y/Y

CIT (CIT) Up 2.1% Since Last Earnings Report: Can It Continue?