Attached files
file | filename |
---|---|
EX-32.(A) - EX-32.(A) - PACCAR FINANCIAL CORP | ck0000731288-ex32a_16.htm |
EX-31.(B) - EX-31.(B) - PACCAR FINANCIAL CORP | ck0000731288-ex31b_17.htm |
EX-31.(A) - EX-31.(A) - PACCAR FINANCIAL CORP | ck0000731288-ex31a_18.htm |
EX-12.(A) - EX-12.(A) - PACCAR FINANCIAL CORP | ck0000731288-ex12a_20.htm |
10-Q - 10-Q - PACCAR FINANCIAL CORP | ck0000731288-10q_20170930.htm |
PACCAR FINANCIAL CORP. - FORM 10-Q
EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
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|
Nine Months Ended |
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|||||
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|
September 30 |
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|||||
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2017 |
|
|
|
2016 |
|
FIXED CHARGES |
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
66.8 |
|
|
$ |
56.2 |
|
Facility and equipment rental |
|
|
1.2 |
|
|
|
1.2 |
|
|
|
|
|
|
|
|
|
|
TOTAL FIXED CHARGES |
|
$ |
68.0 |
|
|
$ |
57.4 |
|
|
|
|
|
|
|
|
|
|
EARNINGS |
|
|
|
|
|
|
|
|
Income before income taxes |
|
$ |
67.5 |
|
|
$ |
103.6 |
|
Depreciation |
|
|
252.7 |
|
|
|
205.5 |
|
|
|
|
320.2 |
|
|
|
309.1 |
|
|
|
|
|
|
|
|
|
|
FIXED CHARGES |
|
|
68.0 |
|
|
|
57.4 |
|
|
|
|
|
|
|
|
|
|
EARNINGS AS DEFINED |
|
$ |
388.2 |
|
|
$ |
366.5 |
|
|
|
|
|
|
|
|
|
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
5.71X |
|
|
6.39X |
|