CIT Inc Net debt/EBITDA
Quel est le Net debt/EBITDA de CIT Inc?
Le Net debt/EBITDA de CIT Group Inc est 12.65
Quelle est la définition de Net debt/EBITDA?
The net debt to earnings before interest, taxes, depreciation, and amortization (Net debt/EBITDA) ratio measures financial leverage and the company’s ability to pay off its debt. It shows how long it would take the company to pay off all its debt with operations at the current level.
The net debt to EBITDA ratio is calculated as Net debt divided by EBITDA. It is similar to the debt to EBITDA ratio, but cash and cash equivalents are subtracted in net debt.
Net debt = short-term debt + long-term debt - cash and cash equivalents
EBITDA = net income + interest expense + taxes + depreciation + amortization
Lower debt debt to EBITDA ratio indicates the company is not heavily indebted and should be able to repay its obligations. Alternatively, higher ratio indicated the company is excessively indebted. The ratio varies between industries as different industries have different capital requirements. Usually, the ratio should be compared to a benchmark or an industry average to determine the company’s credit risk. Generally, a net debt to EBITDA ratio above 4 or 5 is considered high.
Net debt/EBITDA des entreprises dans Finance secteur sur NYSE par rapport à CIT Inc
Que fait CIT Inc?
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). CIT's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network.
Entreprises avec net debt/ebitda similaire à CIT Inc
- VSTECS a Net debt/EBITDA de 12.62
- Ryerson a Net debt/EBITDA de 12.62
- Prosperous Future a Net debt/EBITDA de 12.63
- Qurate Retail Inc a Net debt/EBITDA de 12.64
- Aenza S.A.A a Net debt/EBITDA de 12.64
- Bce Inc a Net debt/EBITDA de 12.64
- CIT Inc a Net debt/EBITDA de 12.65
- The Westaim a Net debt/EBITDA de 12.65
- Stepan Co a Net debt/EBITDA de 12.65
- Edvance International a Net debt/EBITDA de 12.65
- Playa Hotels & Resorts N.V a Net debt/EBITDA de 12.65
- GrafTech International a Net debt/EBITDA de 12.66
- Lovisa a Net debt/EBITDA de 12.67