Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_8.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_6.htm |
| EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_10.htm |
| 10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20161231.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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2016 |
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2015 |
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2016 |
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2015 |
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Earnings |
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Consolidated income before provision for income taxes |
$ |
184 |
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$ |
364 |
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$ |
886 |
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$ |
1,075 |
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Fixed Charges |
|
187 |
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|
149 |
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|
536 |
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|
434 |
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Earnings |
$ |
371 |
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|
$ |
513 |
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|
$ |
1,422 |
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$ |
1,509 |
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Fixed Charges |
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Interest expense |
$ |
186 |
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$ |
148 |
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$ |
533 |
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$ |
431 |
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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 |
$ |
187 |
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$ |
149 |
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$ |
536 |
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$ |
434 |
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Ratio of earnings to fixed charges |
1.98x |
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3.44x |
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2.65x |
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3.48x |
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(1) |
One-third of all rental expense is deemed to be interest. |