Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20150930.htm |
| EX-32.1 - EX-32.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex321_9.htm |
| EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_10.htm |
| EX-31.2 - EX-31.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex312_7.htm |
| EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_8.htm |
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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Six months ended |
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September 30, |
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September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
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Earnings |
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Consolidated income before provision for income taxes |
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$ |
364 |
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$ |
407 |
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$ |
711 |
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$ |
860 |
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Fixed Charges |
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144 |
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147 |
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|
285 |
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|
298 |
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Earnings |
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$ |
508 |
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$ |
554 |
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$ |
996 |
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$ |
1,158 |
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Fixed Charges |
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Interest expense |
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$ |
143 |
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$ |
146 |
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$ |
283 |
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$ |
296 |
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Interest portion of rental expense (1) |
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1 |
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1 |
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2 |
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2 |
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Total fixed charges |
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$ |
144 |
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$ |
147 |
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$ |
285 |
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$ |
298 |
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Ratio of earnings to fixed charges |
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3.53x |
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3.77x |
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3.49x |
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3.89x |
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(1) |
One-third of all rental expense is deemed to be interest. |