Attached files
file | filename |
---|---|
10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20160630.htm |
EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_10.htm |
EX-32.1 - EX-32.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex321_9.htm |
EX-31.2 - EX-31.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex312_8.htm |
EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_7.htm |
Exhibit 12.1
American Honda Finance Corporation and Subsidiaries
Calculation of Ratio of Earnings to Fixed Charges
(U.S. dollars in millions)
|
Three months ended |
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|
June 30, |
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|
2016 |
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|
2015 |
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Earnings |
|
|
|
|
|
|
|
Consolidated income before provision for income taxes |
$ |
395 |
|
|
$ |
347 |
|
Fixed Charges |
|
170 |
|
|
|
141 |
|
Earnings |
$ |
565 |
|
|
$ |
488 |
|
Fixed Charges |
|
|
|
|
|
|
|
Interest expense |
$ |
169 |
|
|
$ |
140 |
|
Interest portion of rental expense (1) |
|
1 |
|
|
|
1 |
|
Total fixed charges |
$ |
170 |
|
|
$ |
141 |
|
Ratio of earnings to fixed charges |
3.32x |
|
|
3.46x |
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|
(1) |
One-third of all rental expense is deemed to be interest. |