Attached files
| file | filename |
|---|---|
| EX-12.(A) - EX-12(A) - PACCAR FINANCIAL CORP | d157864dex12a.htm |
| EX-31.(A) - EX-31(A) - PACCAR FINANCIAL CORP | d157864dex31a.htm |
| EX-31.(B) - EX-31(B) - PACCAR FINANCIAL CORP | d157864dex31b.htm |
| EX-32.(A) - EX-32(A) - PACCAR FINANCIAL CORP | d157864dex32a.htm |
| 10-Q - 10-Q - PACCAR FINANCIAL CORP | d157864d10q.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)
| Three Months Ended March 31 |
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| 2016 | 2015 | |||||||
| FIXED CHARGES |
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| Interest expense |
$ | 17.6 | $ | 13.9 | ||||
| Facility and equipment rental |
.4 | .4 | ||||||
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| TOTAL FIXED CHARGES |
$ | 18.0 | $ | 14.3 | ||||
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| EARNINGS |
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| Income before income taxes |
$ | 38.3 | $ | 46.0 | ||||
| Depreciation |
65.2 | 59.0 | ||||||
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| 103.5 | 105.0 | |||||||
| FIXED CHARGES |
18.0 | 14.3 | ||||||
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| EARNINGS AS DEFINED |
$ | 121.5 | $ | 119.3 | ||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
6.75X | 8.34X | ||||||
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