-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HWizzIHQkDA0Fp+xSQgS/C7fyZTQVdjjqOqsFCRClHXogH1sHdvjJMAifHwdaMSJ Tj67vXq8yO/W33uKfVA2MA== 0000020388-97-000005.txt : 19970222 0000020388-97-000005.hdr.sgml : 19970222 ACCESSION NUMBER: 0000020388-97-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970213 ITEM INFORMATION: Other events FILED AS OF DATE: 19970214 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIT GROUP HOLDINGS INC /DE/ CENTRAL INDEX KEY: 0000020388 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 132994534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01861 FILM NUMBER: 97531805 BUSINESS ADDRESS: STREET 1: 1211 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2125361950 MAIL ADDRESS: STREET 1: 1211 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: CIT FINANCIAL CORP/OLD/ DATE OF NAME CHANGE: 19860512 8-K 1 RATIOS OF EARNINGS TO FIXED CHARGES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 13, 1997 ----------------- The CIT Group Holdings, Inc. - ------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-1861 13-2994534 - ------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1211 Avenue of the Americas New York, New York 10036 - ------------------------------------------------------------------------------- Registrant's telephone number, including area code (212) 536-1950 -------------- - ------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. ------------- The CIT Group Holdings, Inc. and Subsidiaries Computation of Ratios of Earnings To Fixed Charges Years Ended December 31, 1996 1995 1994 Dollars in Millions Net income ...................................$ 260.1 $ 225.3 $ 201.1 Provision for income taxes ................... 155.7 139.8 123.9 -------- -------- -------- Earnings before provision for income taxes ... 415.8 365.1 325.0 -------- -------- -------- Fixed Charges: Interest and debt expenses on indebtedness ............................ 848.3 831.5 614.0 Interest factor-one third of rentals on real and personal properties ............ 8.1 7.9 7.9 -------- -------- -------- Total fixed charges .......................... 856.4 839.4 621.9 -------- -------- -------- Total earnings before provisions for income taxes and fixed charges ......$1,272.2 $1,204.5 $ 946.9 ======== ======== ======== Ratios of Earnings to Fixed Charges .......... 1.49 1.44 1.52 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE CIT GROUP HOLDINGS, INC. --------------------------- (Registrant) By /s/ JOSEPH M. LEONE --------------------------- Joseph M. Leone Executive Vice President and Chief Financial Officer Dated: February 13, 1997 -----END PRIVACY-ENHANCED MESSAGE-----