Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
abused, acknowledge, addressed, allied, APB, Assetsfor, attempt, beam, bond, breached, brokerage, center, Chapter, chemical, Clarification, closure, Code, correction, count, County, criteria, curtailment, daily, DCFA, Debtfor, diminished, diverting, eligibility, eligible, embedded, error, European, Eventsfor, exclusively, fallen, Fargo, fell, foreclosed, foreclosure, forma, FUNDINGIn, grace, hard, horizon, hybrid, ILC, illustrate, IMPAIRMENTSWe, impeded, increasingly, involuntarily, LBH, Lehman, length, locate, locating, LSF, lt, matter, mediation, memorandum, misappropriating, Modelsection, movement, mutually, Netfor, nonconvertible, Notwithstanding, oriented, outpaced, owed, page, paragraph, petition, play, premised, pro, ProceduresWith, ProceedsWe, processed, property, PrZ, quantify, reconsidered, redemption, refocusing, reimburse, Rollforward, seller, Specialty, STATEMENTSFinancing, STATEMENTSgoodwill, STATEMENTSLEHMAN, STATEMENTSNew, stockholder, stressed, submitted, suitable, Supreme, theStrategy, TRENDSWe, TRS, understanding, vast, voluntarily, wasting
Filing tables
Filing exhibits
Related press release
CIT similar filings
Filing view
External links
EXHIBIT 12.1
CIT Group Inc. and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges Nine months ended September 30,(dollars in millions)
2008 | 2007 | |||||
Earnings: | ||||||
Net (loss) income (attributable) available to common shareholders(1) | $ | (2,658.9 | ) | $ | 19.7 | |
Loss from discontinued operation | 2,109.4 | 687.4 | ||||
(Benefit) provision for income taxes | (281.5 | ) | 248.4 | |||
(Loss) earnings before provision for income taxes | (831.0 | ) | 955.5 | |||
Fixed charges: | ||||||
Interest and debt expenses on indebtedness | 2,344.5 | 2,511.3 | ||||
Minority interest in subsidiary trust holding solely debentures of the company, before tax | – | 5.0 | ||||
Interest factor: one-third of rentals on real and personal properties | 13.9 | 13.0 | ||||
Total fixed charges | 2,358.4 | 2,529.3 | ||||
Total earnings before provision for income taxes and fixed charges | $ | 1,527.4 | $ | 3,484.8 | ||
Ratios of earnings to fixed charges | (1 | ) | 1.38 | x | ||
(1) | Earnings were insufficient to cover fixed charges by $831.0 million for the nine months ended September 30, 2008. |