Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - PACCAR FINANCIAL CORP | d929636d10q.htm |
| EX-31.(B) - EX-31(B) - PACCAR FINANCIAL CORP | d929636dex31b.htm |
| EX-32.(A) - EX-32(A) - PACCAR FINANCIAL CORP | d929636dex32a.htm |
| EX-31.(A) - EX-31(A) - PACCAR FINANCIAL CORP | d929636dex31a.htm |
| EX-12.(A) - EX-12(A) - PACCAR FINANCIAL CORP | d929636dex12a.htm |
PACCAR FINANCIAL CORP. - FORM 10-Q
EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
| Six Months Ended June 30 |
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| 2015 | 2014 | |||||||
| FIXED CHARGES |
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| Interest expense |
$ | 28.6 | $ | 26.6 | ||||
| Facility and equipment rental |
.7 | .7 | ||||||
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| TOTAL FIXED CHARGES |
$ | 29.3 | $ | 27.3 | ||||
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| EARNINGS |
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| Income before income taxes |
$ | 90.9 | $ | 81.9 | ||||
| Depreciation |
119.4 | 112.3 | ||||||
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| 210.3 | 194.2 | |||||||
| FIXED CHARGES |
29.3 | 27.3 | ||||||
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| EARNINGS AS DEFINED |
$ | 239.6 | $ | 221.5 | ||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
8.18X | 8.11X | ||||||
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