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CIT Group Scaled Net Operating Assets

: 0.23 (As of Mar. 2019)
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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CIT Group's operating assets for the quarter that ended in Mar. 2019 was $49,461 Mil. CIT Group's operating liabilities for the quarter that ended in Mar. 2019 was $38,301 Mil. CIT Group's Total Assets for the quarter that ended in Dec. 2018 was $48,537 Mil. Therefore, CIT Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2019 was 0.23.


CIT Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

CIT Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2018 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2018 )
=(Operating Assets (A: Dec. 2018 )-Operating Liabilities (A: Dec. 2018 ))/Total Assets (A: Dec. 2017 )
=(46741.8-34472)/49278.7
=0.25

where

Operating Assets(A: Dec. 2018 )
=Total Assets - Cash and cash equivalents
=48537.4 - 1795.6
=46741.8

Operating Liabilities(A: Dec. 2018 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=42590.8 - 0 - 8118.8 - 0
=34472

CIT Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2019 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2019 )
=(Operating Assets (Q: Mar. 2019 )-Operating Liabilities (Q: Mar. 2019 ))/Total Assets (Q: Dec. 2018 )
=(49461.3-38301.1)/48537.4
=0.23

where

Operating Assets(Q: Mar. 2019 )
=Total Assets - Cash and cash equivalents
=50781.5 - 1320.2
=49461.3

Operating Liabilities(Q: Mar. 2019 )
=Total Liabilities - Minority Interest - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=44872 - 0 - 6570.9 - 0
=38301.1

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

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