CIT Group Balance Sheet - Quarterly (NYSE:CIT)

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$53.91 $0.07 (0.13%) CIT stock closing price Feb 21, 2018 (Closing)

The financial analysis of a company like CIT Group involves checking the three financial statements of the company in detail, of which the balance sheet is one. Financial strength can be guaged by performing CIT Group stock analysis and by analyzing the balance sheet. Quarterly results are typically accompanied with the company releasing financial statements. Apart from analyzing CIT Group revenue CIT Group operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The CIT Group balance sheet for 2017 Q3 shows cash on hand of $3.11B. The company has a debt to equity ratio of -.

View and download CIT Group quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Cash3.11B5.34B6.16B6.43B7.43B8.1B8.14B8.3B8.36B
Marketable Securities---------
Receivables28.09B28.81B29.45B29.5B30.06B30.63B31.56B31.85B32.6B
Inventory---------
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets---------
Total Current Assets
31.2B34.15B35.61B35.93B37.49B38.73B39.7B40.15B40.96B
Property Plant & Equipment---7.49B---16.62B-
Accumulated Depreciation---------
Net Property Plant & Equipment
6.72B6.74B7.52B7.49B16.95B16.86B16.67B16.62B15.54B
Investment & Advances6.4B5.53B4.48B4.49B3.59B3.23B2.9B2.95B3.62B
Other Non-Current Assets562M630.9M12.72B13.22B452.9M469.1M489.5M500.5M513.8M
Deferred Charges---------
Intangibles625.5M750.9M820.4M826.1M1.33B1.34B1.37B1.37B1.34B
Deposits & Other Assets3.83B2.68B1.95B2.22B6.14B6.07B5.98B5.9B6.16B
Total Assets
49.34B50.48B63.09B64.17B65.97B66.7B67.1B67.5B68.13B
Notes Payable---------
Accounts Payable29.59B30.93B32.34B32.3B32.85B32.88B32.89B32.78B32.33B
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses---------
Income Taxes Payable---------
Other Current Liabilities---------
Total Current Liabilities
29.59B30.93B32.34B32.3B32.85B32.88B32.89B32.78B32.33B
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt8.53B8.62B14.74B14.94B16.55B17.51B18.01B18.54B19.32B
Non-Current Capital Leases---------
Other Long-Term Liabilities3.76B3.58B5.86B6.93B5.33B5.19B5.07B5.2B5.68B
Total Liabilities
41.88B43.13B52.93B54.17B54.73B55.58B55.97B56.52B57.33B
Minority Interest---------
Preferred Stock325M325M-------
Common Stock Net2.1M2.1M2.1M2.1M2.1M2.1M2.1M2M2M
Capital Surplus8.79B8.71B8.78B8.77B8.76B8.75B8.74B8.72B8.68B
Retained Earnings2.03B1.83B1.7B1.55B2.76B2.66B2.67B2.56B2.44B
Treasury Stock3.62B3.43B196.9M178.1M178M177M172M157.3M155.9M
Other Liabilities-73.3M-88.1M-123.4M-139.7M-103.7M-107.2M-116.9M-141.6M-173.8M
Shareholders Equity7.45B7.35B10.17B10B11.24B11.12B11.13B10.98B10.8B
Total Liabilities & Shareholders Equity49.34B50.48B63.09B64.17B65.97B66.7B67.1B67.5B68.13B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the CIT Group stock price, and CIT Group historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the CIT Group PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: Anything that the CIT Group company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. CIT Group had total assets of $49.34B.
  • 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 $41.88B. 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
0
Debt to equity ratio
0
Asset turnover ratio
0
Receivables turnover
0