CIT Group Balance Sheet - Annual (NYSE:CIT)

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$52.64 $0.48 (0.92%) CIT stock closing price Jul 18, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our CIT Group stock analysis. Financial strength can be guaged by performing CIT Group stock analysis and by analyzing the balance sheet. Good annual results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. CIT Group balance sheet indicates an asset turnover ratio of 0.06 and debt to equity ratio of 1.47. Also check CIT Group revenue and CIT Group operating cash flow for the same period.

View latest 10 year balance sheet data to check CIT Group financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash1.87B6.43B8.3B7.77B6.14B6.82B7.44B11.2B9.83B8.37B
Marketable Securities----37.4M8.4M42.9M25.7M44.1M139.4M
Receivables28.68B29.5B31.85B19.71B18.86B21.12B20.21B24.62B34.87B53.52B
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
30.55B35.93B40.15B27.48B25.03B27.95B27.69B35.85B44.74B62.03B
Property Plant & Equipment6.74B7.49B16.62B14.93B13.04B12.41B11.99B11.14B10.91B12.71B
Accumulated Depreciation----------
Net Property Plant & Equipment
6.74B7.49B16.62B14.93B13.04B12.41B11.99B11.14B10.91B12.71B
Investment & Advances7.26B4.49B2.95B1.55B2.63B1.07B1.25B---
Other Non-Current Assets501.3M13.22B500.5M------44.2M
Deferred Charges----------
Intangibles369.9M826.1M1.37B571.3M354.9M377.8M394.4M396.6M464.5M698.6M
Deposits & Other Assets3.86B2.22B5.9B3.35B6.08B2.21B3.91B3.58B3.92B4.97B
Total Assets
49.28B64.17B67.5B47.88B47.14B44.01B45.24B50.96B60.03B80.45B
Notes Payable----------
Accounts Payable29.57B32.3B32.78B15.85B12.53B9.68B6.19B4.54B5.22B3.06B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----86.9M81.9M74.9M126.3M41.9M127.4M
Total Current Liabilities
29.57B32.3B32.78B15.85B12.61B9.77B6.27B4.66B5.26B3.19B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt8.97B14.94B18.54B18.46B21.75B21.96B26.29B33.98B43.26B63.75B
Non-Current Capital Leases----------
Other Long-Term Liabilities3.42B6.93B5.2B4.51B3.93B3.94B3.79B3.4B3.1B5.34B
Total Liabilities
41.96B54.17B56.52B38.82B38.29B35.67B36.34B42.04B51.63B72.32B
Minority Interest---------44.8M
Preferred Stock325M--------2.99B
Common Stock Net2.1M2.1M2M2M2M2M2M2M2M3.9M
Capital Surplus8.8B8.77B8.72B8.6B8.56B8.5B8.46B8.43B8.4B11.47B
Retained Earnings1.91B1.55B2.56B1.62B581M-74.6M532.1M498.3M--5.81B
Treasury Stock3.63B178.1M157.3M1.02B226M16.7M12.8M8.8M-315.9M
Other Liabilities-86.5M-139.7M-141.6M-139.3M-62.4M-73M-89.6M-11.9M1.4M-205.6M
Shareholders Equity7.32B10B10.98B9.06B8.85B8.34B8.89B8.91B8.4B8.12B
Total Liabilities & Shareholders Equity49.28B64.17B67.5B47.88B47.14B44.01B45.24B50.96B60.03B80.45B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at CIT Group historical stock prices and the current CIT Group stock price can tell you how the stock price has moved, whereas the CIT Group PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: CIT total assets, which was at $49.28B for 2017 is a balance sheet item representing value of what CIT Group owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for CIT Group is $41.96B. Shareholders' equity comes under liabilities as it is money the company owes the holders of CIT stock.

CIT Group Balance Sheet - Key Ratios

Current ratio
1.09
Debt to equity ratio
1.47
Asset turnover ratio
0.06
Receivables turnover
0.11
Price to book ratio
0.87