Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - SEPTEMBER 30, 2010 - TOYOTA MOTOR CREDIT CORP | form10q_092010.htm |
| EX-31.2 - EXHIBIT 31.2 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-2.htm |
| EX-32.1 - EXHIBIT 32.1 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-1.htm |
| EX-31.1 - EXHIBIT 31.1 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-1.htm |
| EX-32.2 - EXHIBIT 32.2 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-2.htm |
EXHIBIT 12.1
TOYOTA MOTOR CREDIT CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
Three months ended
September 30,
|
Six months ended
September 30,
|
|||
|
(Dollars in millions)
|
2010
|
2009
|
2010
|
2009
|
|
Consolidated income before provision for income taxes
|
$434
|
$509
|
$1,361
|
$793
|
|
Fixed charges:
|
||||
|
Interest1
|
$593
|
$618
|
$1,084
|
$1,117
|
|
Portion of rent expense representative of the interest
factor (deemed to be one-third)
|
2
|
2
|
4
|
4
|
|
Total fixed charges
|
$595
|
$620
|
$1,088
|
$1,121
|
|
Earnings available for fixed charges
|
$1,029
|
$1,129
|
$2,449
|
$1,914
|
|
Ratio of earnings to fixed charges
|
1.73
|
1.82
|
2.25
|
1.71
|
1 Components of interest expense are discussed under “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of
Operations, Interest Expense.”