Attached files
| file | filename |
|---|---|
| EX-31.1 - CERTIFICATION OF JOHN A. THAIN - CIT GROUP INC | e38643ex31_1.htm |
| EX-31.2 - CERTIFICASTION OF JONATHAN MACEY - CIT GROUP INC | e38643ex31_2.htm |
| EX-32.1 - CERTIFICATION OF JOHN A. THAIN - CIT GROUP INC | e38643ex32_1.htm |
| EX-32.2 - CERTIFICASTION OF JONATHAN MACEY - CIT GROUP INC | e38643ex32_2.htm |
| 10-Q - QUARTERLY REPORT - CIT GROUP INC | e38643_10q.htm |
EXHIBIT 12.1
Computation of Ratios of Earnings to Fixed Charges Three months ended March 31, (dollars in millions)
| CIT 2010 |
Predecessor CIT 2009 |
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| Earnings: | ||||||
| Net income (loss) attributable to common shareholders(1) | $ | 97.3 | $ | (403.2 | ) | |
| Provision for income taxes | 42.5 | 8.0 | ||||
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| Income (loss) before provision for income taxes | 139.8 | (395.2 | ) | |||
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| Fixed charges: | ||||||
| Interest and debt expenses on indebtedness | 837.8 | 657.1 | ||||
| Interest factor: one-third of rentals on real and personal properties | 5.1 | 6.5 | ||||
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| Total fixed charges | 842.9 | 663.6 | ||||
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| Total earnings before provision for income taxes and fixed charges | $ | 982.7 | $ | 268.4 | ||
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| Ratios of earnings to fixed charges | 1.17 | x | (1 | ) | ||
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| (1) Earnings were insufficient to cover fixed charges by $395.2 million for the three months ended March 31, 2009. |