Attached files
| file | filename |
|---|---|
| 10-Q - QUARTERLY REPORT - CIT GROUP INC | e36994_10q.htm |
| EX-31.1 - CERTIFICATIONS - CIT GROUP INC | e36994ex31_1.htm |
| EX-32.1 - CERTIFICATION PURSUANT TO SECTION 18 U.S.C. SECTION 1350 - CIT GROUP INC | e36994ex32_1.htm |
| EX-31.2 - CERTIFICATIONS - CIT GROUP INC | e36994ex31_2.htm |
| EX-32.2 - CERTIFICATION PURSUANT TO SECTION 18 U.S.C. SECTION 1350 - CIT GROUP INC | e36994ex32_2.htm |
EXHIBIT 12.1
Computation of Ratios of Earnings to Fixed Charges
Nine months ended September 30, (dollars in millions)
| 2009
|
2008
|
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| Earnings: | ||||||
| Net loss attributable to common shareholders(1) | $ | (3,157.1 | ) | $ | (2,658.9 | ) |
| Loss from discontinued operation | – | 2,109.4 | ||||
| Benefit for income taxes | (12.4 | ) | (281.5 | ) | ||
|
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|
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| Loss before provision for income taxes | (3,169.5 | ) | (831.0 | ) | ||
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| Fixed charges: | ||||||
| Interest and debt expenses on indebtedness | 1,984.5 | 2,344.5 | ||||
| Interest factor: one-third of rentals on real and personal properties | 13.6 | 13.9 | ||||
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| Total fixed charges | 1,998.1 | 2,358.4 | ||||
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| Total earnings before provision for income taxes and fixed charges | $ | (1,171.4 | ) | $ | 1,527.4 | |
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| Ratios of earnings to fixed charges | (1) | (1) | ||||
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| (1) | Earnings were insufficient to cover fixed charges by $3,169.5 million and $831.0 million for the nine months ended September 30, 2009 and September 30, 2008, respectively. |