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CIT Group LT-Debt-to-Total-Asset

: 0.13 (As of Mar. 2019)
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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. CIT Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2019 was 0.13.

CIT Group's long-term debt to total assets ratio declined from Mar. 2018 (0.20) to Mar. 2019 (0.13). It may suggest that CIT Group is progressively becoming less dependent on debt to grow their business.


CIT Group LT-Debt-to-Total-Asset 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
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.24 0.23 0.18 0.17

CIT Group Quarterly Data

Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
LT-Debt-to-Total-Asset 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 0.20 0.18 0.18 0.17 0.13

CIT Group LT-Debt-to-Total-Asset Calculation

CIT Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2018 is calculated as

LT Debt to Total Assets (A: Dec. 2018 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2018 )/Total Assets (A: Dec. 2018 )
=8118.8/48537.4
=0.17

CIT Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2019 is calculated as

LT Debt to Total Assets (Q: Mar. 2019 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2019 )/Total Assets (Q: Mar. 2019 )
=6570.9/50781.5
=0.13

* 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) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


CIT Group LT-Debt-to-Total-Asset Explanation


CIT Group LT-Debt-to-Total-Asset Headlines

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