Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20140630.htm |
| EX-31 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex31_201406308.htm |
| EX-32 - EX-32.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex32_2014063010.htm |
| EX-32 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex32_2014063011.htm |
| EX-31 - EX-31.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex31_201406309.htm |
| EXCEL - IDEA: XBRL DOCUMENT - AMERICAN HONDA FINANCE CORP | Financial_Report.xls |
Exhibit 12.1
American Honda Finance Corporation and Subsidiaries
Calculation of Ratio of Earnings to Fixed Charges
(U.S. dollars in millions)
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Three months ended |
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June 30, |
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2014 |
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2013 |
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Earnings |
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Consolidated income before provision for income taxes |
$ |
453 |
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$ |
316 |
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Fixed Charges |
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151 |
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|
176 |
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Earnings |
$ |
604 |
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$ |
492 |
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Fixed Charges |
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Interest expense |
$ |
150 |
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$ |
175 |
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Interest portion of rental expense (1) |
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1 |
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1 |
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Total fixed charges |
$ |
151 |
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$ |
176 |
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Ratio of earnings to fixed charges |
4.00x |
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2.80x |
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(1) |
One-third of all rental expense is deemed to be interest. |