Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10Q - DECEMBER 31, 2010 - TOYOTA MOTOR CREDIT CORP | form10q_122010.htm |
| EX-31.2 - EXHIBIT 31.2 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-2.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 |
EXHIBIT 12.1
TOYOTA MOTOR CREDIT CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Three Months Ended
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Nine Months Ended
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December 31,
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December 31,
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(Dollars in millions)
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2010
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2009
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2010
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2009
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|||||||||||||||||||||||
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Consolidated income before provision for income
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taxes
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$
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1,013
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$
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642
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$
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2,374
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$
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1,435
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Fixed charges:
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Interest1
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$
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234
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$
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438
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$
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1,318
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$
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1,555
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Portion of rent expense representative of the interest
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factor (deemed to be one-third)
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2
|
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2
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|
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6
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6
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Total fixed charges
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$
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236
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$
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440
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$
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1,324
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$
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1,561
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Earnings available for fixed charges
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$
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1,249
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$
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1,082
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$
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3,698
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$
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2,996
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Ratio of earnings to fixed charges
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5.29
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2.46
|
|
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2.79
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1.92
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1 Components of interest expense are discussed under “Item 2. Management’s Discussion and Analysis of Financial Condition and
Results of Operations, Interest Expense.”
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