Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - HSBC Finance Corp | hbio9301710-q.htm |
| EX-32 - EXHIBIT 32 - HSBC Finance Corp | hbio93017ex32.htm |
| EX-31 - EXHIBIT 31 - HSBC Finance Corp | hbio93017ex31.htm |
EXHIBIT 12
HSBC FINANCE CORPORATION
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
Nine Months Ended September 30, | 2017 | 2016 | |||||
(dollars are in millions) | |||||||
Income (loss) from continuing operations | $ | 301 | $ | (606 | ) | ||
Income tax expense (benefit) | 174 | (322 | ) | ||||
Income (loss) from continuing operations before income tax | 475 | (928 | ) | ||||
Fixed charges: | |||||||
Interest expense | 216 | 414 | |||||
Interest portion of rentals(1) | 2 | 3 | |||||
Total fixed charges | 218 | 417 | |||||
Total earnings (loss) from continuing operations as defined | $ | 693 | $ | (511 | ) | ||
Ratio of earnings (loss) to fixed charges | 3.18 | (1.23 | ) | ||||
(1) | Represents one-third of rentals, which approximates the portion representing interest. |