Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex312_9.htm |
| EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_7.htm |
| EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_6.htm |
| 10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20151231.htm |
| EX-32.1 - EX-32.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex321_10.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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Nine months ended |
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December 31, |
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December 31, |
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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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$ |
380 |
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$ |
1,075 |
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$ |
1,240 |
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Fixed Charges |
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149 |
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143 |
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434 |
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441 |
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Earnings |
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$ |
513 |
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$ |
523 |
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$ |
1,509 |
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$ |
1,681 |
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Fixed Charges |
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Interest expense |
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$ |
148 |
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$ |
142 |
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$ |
431 |
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$ |
438 |
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Interest portion of rental expense (1) |
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1 |
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1 |
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3 |
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3 |
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Total fixed charges |
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$ |
149 |
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$ |
143 |
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$ |
434 |
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$ |
441 |
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Ratio of earnings to fixed charges |
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3.44x |
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3.66x |
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3.48x |
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3.81x |
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(1) |
One-third of all rental expense is deemed to be interest. |