Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - CNH Industrial Capital LLC | cnhc-20170331ex321bf15b9.htm |
| EX-31.2 - EX-31.2 - CNH Industrial Capital LLC | cnhc-20170331ex3126527c1.htm |
| EX-31.1 - EX-31.1 - CNH Industrial Capital LLC | cnhc-20170331ex311c54d79.htm |
| 10-Q - 10-Q - CNH Industrial Capital LLC | cnhc-20170331x10q.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the three months ended March 31, 2017 and 2016, the computation of ratio of earnings to fixed charges is as follows (dollars in thousands):
|
|
|
2017 |
|
2016 |
|
||
|
Earnings: |
|
|
|
|
|
|
|
|
Income before taxes |
|
$ |
56,430 |
|
$ |
83,565 |
|
|
Fixed charges |
|
|
74,740 |
|
|
71,985 |
|
|
Total earnings |
|
$ |
131,170 |
|
$ |
155,550 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
Interest expense inclusive of amortized premiums, discounts and capitalized expenses related to indebtedness |
|
$ |
74,728 |
|
$ |
71,971 |
|
|
Estimate of the interest component of rental expense |
|
|
12 |
|
|
14 |
|
|
Total fixed charges |
|
$ |
74,740 |
|
$ |
71,985 |
|
|
Ratio of earnings to fixed charges |
|
|
1.76 |
|
|
2.16 |
|