CIT Group
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has CIT Group's balance sheet done over the years? Its assets were worth $58,106,600,000 last year, which is more than in the previous period. 90% of CIT Group’s total assets is currently financed by debt. Its liabilities reached the amount of $52,383,700,000, which means an increase by 18% compared compared to last year.
Debt to Assets
| 2011 | 45235400000 | 36.34B | 80.35% |
|---|---|---|---|
| 2012 | 44012000000 | 35.67B | 81.05% |
| 2013 | 47139000000 | 38.28B | 81.23% |
| 2014 | 47879500000 | 38.81B | 81.07% |
| 2015 | 67498800000 | 56.52B | 83.74% |
| 2016 | 64170200000 | 54.16B | 84.41% |
| 2017 | 49278700000 | 41.95B | 85.15% |
| 2018 | 48537400000 | 42.59B | 87.75% |
| 2019 | 50832800000 | 44.49B | 87.53% |
| 2020 | 58106600000 | 52.38B | 90.15% |
CIT Balance Sheet (2011 – 2020)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 3.96B | 1.80B | 1.76B | 1.59B | 6.15B | 7.47B | 6.15B | 5.08B | 5.63B | 7.43B |
Short term investments | 6.67B | 6.01B | 5.93B | 6.16B | 0 | 2.02B | 1.13B | 1.50B | 781.9M | 0 |
Net receivables | 2.55B | 2.43B | 2.68B | 3.13B | 3.54B | 5.31B | 6.18B | 5.67B | 940.4M | 733.5M |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other current assets | 29.42B | 26.01B | 24.26B | 24.52B | 41.26B | 31.58B | 17.23B | 18.77B | 22.72B | 7.22B |
Total current assets | 42.61B | 36.26B | 34.64B | 35.42B | 50.95B | 46.39B | 30.70B | 31.03B | 30.08B | 7.96B |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 8.22B | 7.67B | 7.13B | 6.91B | 7.67B | 16.81B | 15.05B | 13.12B | 12.48B | 11.99B |
Goodwill | 0 | 369.9M | 369.9M | 369.9M | 685.4M | 1.19B | 571.3M | 334.6M | 345.9M | 330.8M |
Intangible assets | 134.9M | 66M | 89.2M | 113M | 140.7M | 176.3M | 0 | 20.3M | 31.9M | 63.6M |
Long term investments | 7.13B | 6.45B | 6.30B | 6.45B | 4.71B | 2.91B | 1.55B | 2.63B | 1.06B | 1.25B |
Other non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.63B |
Total non-current assets | 15.49B | 14.56B | 13.89B | 13.85B | 13.21B | 21.10B | 17.17B | 16.10B | 13.93B | 37.27B |
Total assets | 58.10B | 50.83B | 48.53B | 49.27B | 64.17B | 67.49B | 47.87B | 47.13B | 44.01B | 45.23B |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total current liabilities | 88.2M | 92.9M | 91.7M | 86.6M | 181.2M | 209.6M | 243.7M | 247.1M | 0 | 10.05B |
| Non-current liabilities: | ||||||||||
Long term debt | 6.08B | 6.71B | 8.11B | 8.97B | 14.93B | 18.53B | 18.45B | 21.75B | 21.96B | 26.28B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -100K |
Total non-current liabilities | 6.08B | 6.71B | 8.11B | 8.97B | 14.93B | 18.53B | 18.45B | 21.75B | 21.96B | 26.28B |
Total liabilities | 52.38B | 44.49B | 42.59B | 41.95B | 54.16B | 56.52B | 38.81B | 38.28B | 35.67B | 36.34B |
| Data source |