Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10Q - SEPTEMBER 30, 2009 - TOYOTA MOTOR CREDIT CORP | form10q_092009.htm |
| EX-31.1 - EXHIBIT 31.1 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-1.htm |
| EX-32.1 - EXHIBIT 32.1 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-1.htm |
| EX-32.2 - EXHIBIT 32.2 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-2.htm |
| EX-31.2 - EXHIBIT 31.2 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-2.htm |
EXHIBIT
12.1
TOYOTA
MOTOR CREDIT CORPORATION
CALCULATION
OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars
in millions)
|
Three
months ended
September
30,
|
Six
months ended
September
30,
|
|||||
|
2009
|
2008
|
2009
|
2008
|
|||
|
Consolidated
income before provision for income taxes
|
$509
|
$25
|
$793
|
$712
|
||
|
Fixed
charges:
|
||||||
|
Interest1
|
$618
|
$642
|
$1,117
|
$685
|
||
|
Portion
of rent expense representative of the interest factor (deemed to be
one-third)
|
2
|
2
|
4
|
4
|
||
|
Total
fixed charges
|
620
|
644
|
1,121
|
689
|
||
|
Earnings
available for fixed charges
|
$1,129
|
$669
|
$1,914
|
$1,401
|
||
|
Ratio
of earnings to fixed charges
|
1.82
|
1.04
|
1.71
|
2.03
|
||
1
Components of interest expense are discussed under “Item 2. Management’s
Discussion and Analysis of Financial Condition and Results of Operations,
Interest Expense.”