Attached files
Exhibit 12
SPRINGLEAF FINANCE, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(dollars in thousands) | Successor Company | Predecessor Company |
Three Months Ended March 31, | 2011 | 2010 |
Earnings: Loss before benefit from income taxes | $ (83,639) | $ (44,860) |
Interest expense | 353,552 | 265,828 |
Implicit interest in rents | 3,435 | 3,708 |
Total earnings | $273,348 | $224,676 |
Fixed charges: Interest expense | $353,552 | $265,828 |
Implicit interest in rents | 3,435 | 3,708 |
Total fixed charges | $356,987 | $269,536 |
Ratio of earnings to fixed charges* | 0.77 | 0.83 |
*
Earnings were inadequate to cover total fixed charges by $83.6 million for the three months ended March 31, 2011 and $44.9 million for the three months ended March 31, 2010.
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