What is the debt of CIT Group this year?
CIT Group has a debt level of 0 USD this year.
CIT Group Debt 2024
CIT Group Debt
0 USD
Ticker
CIT
ISIN
US1255818015
WKN
A0YGL2
In 2024, CIT Group's total debt was 0 USD, a 0% change from the 0 USD total debt recorded in the previous year.
CIT Group Aktienanalyse
What does CIT Group do?
CIT Group Inc is an American financial company headquartered in New York City. It was founded in 1908 under the name Commercial Investment Trust. Over the years, the company changed its name several times and became more specialized in financing businesses. The business model of CIT Group is based on financing businesses of different sizes. The company offers various products and services, such as commercial lending, equipment financing, factoring, and treasury & payment services. These products and services enable companies to realize their growth plans and improve their financial situation. CIT Group is divided into four divisions: commercial banking, consumer banking, transportation finance, and trade finance & services. The commercial banking division offers companies various credit and financing options. The consumer banking division offers retail customers checking and savings accounts, as well as credit cards. The transportation finance division focuses on financing transport companies and airlines. The trade finance & services division offers companies services related to trade and export. A well-known product of CIT Group is the SBA Loan. This is a loan guaranteed by the Small Business Administration (SBA). Such loans are aimed at small businesses in need of financial support. CIT Group is one of the largest providers of SBA Loans in the United States. Over the years, CIT Group has made several acquisitions. In 2015, for example, the company acquired OneWest Bank to strengthen its presence in the consumer banking sector. In 2016, CIT Group acquired Mutual of Omaha Bank to expand its business in the commercial banking sector. In 2008, CIT Group faced difficulties due to the financial crisis and had to rely on a government bailout. The company received a financial injection of $2.33 billion. In 2009, CIT Group was able to repay the government assistance. Today, CIT Group is one of the leading financial companies in the United States, specializing in financing businesses. The company offers a wide range of products and services and operates in various divisions. Through its numerous acquisitions, CIT Group has continuously expanded its business model and has become an important player in the US financial industry. CIT Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding CIT Group's Debt Structure
CIT Group's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing CIT Group's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to CIT Group’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in CIT Group’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about CIT Group stock
What was the debt of CIT Group compared to the previous year?
The debt of CIT Group has increased by 0% compared to the previous year dropped.
What are the consequences of high debt for investors in CIT Group?
High debt can pose a risk for investors of CIT Group, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of CIT Group?
Low debt means that CIT Group has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from CIT Group affect the company?
An increase in debt of CIT Group can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of CIT Group affect the company?
A reduction in debt of CIT Group can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of CIT Group?
Some factors that can influence the debt of CIT Group include investments, acquisitions, operating costs, and revenue development.
Why are the debts of CIT Group so important for investors?
The debts of CIT Group are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can CIT Group take to change the debt?
To change the debt, CIT Group can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does CIT Group pay?
Over the past 12 months, CIT Group paid a dividend of 1.4 USD . This corresponds to a dividend yield of about 2.62 %. For the coming 12 months, CIT Group is expected to pay a dividend of 0.78 USD.
What is the dividend yield of CIT Group?
The current dividend yield of CIT Group is 2.62 %.
When does CIT Group pay dividends?
CIT Group pays a quarterly dividend. This is distributed in the months of March, June, August, November.
How secure is the dividend of CIT Group?
CIT Group paid dividends every year for the past 13 years.
What is the dividend of CIT Group?
For the upcoming 12 months, dividends amounting to 0.78 USD are expected. This corresponds to a dividend yield of 1.46 %.
In which sector is CIT Group located?
CIT Group is assigned to the 'Finance' sector.
Wann musste ich die Aktien von CIT Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of CIT Group from 11/12/2021 amounting to 0.35 USD, you needed to have the stock in your portfolio before the ex-date on 10/28/2021.
When did CIT Group pay the last dividend?
The last dividend was paid out on 11/12/2021.
What was the dividend of CIT Group in the year 2023?
In the year 2023, CIT Group distributed 1.033 USD as dividends.
In which currency does CIT Group pay out the dividend?
The dividends of CIT Group are distributed in USD.
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Andere Kennzahlen von CIT Group
Our stock analysis for CIT Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CIT Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
