Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - HSBC Finance Corp | hbio63017ex32.htm |
| EX-31 - EXHIBIT 31 - HSBC Finance Corp | hbio63017ex31.htm |
| 10-Q - 10-Q - HSBC Finance Corp | hbio6301710-q.htm |
EXHIBIT 12
HSBC FINANCE CORPORATION
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
Six Months Ended June 30, | 2017 | 2016 | |||||
(dollars are in millions) | |||||||
Income (loss) from continuing operations | $ | 435 | $ | (200 | ) | ||
Income tax expense (benefit) | 258 | (119 | ) | ||||
Income (loss) from continuing operations before income tax | 693 | (319 | ) | ||||
Fixed charges: | |||||||
Interest expense | 159 | 306 | |||||
Interest portion of rentals(1) | 2 | 2 | |||||
Total fixed charges | 161 | 308 | |||||
Total earnings (loss) from continuing operations as defined | $ | 854 | $ | (11 | ) | ||
Ratio of earnings (loss) to fixed charges | 5.30 | (.04 | ) | ||||
(1) | Represents one-third of rentals, which approximates the portion representing interest. |