Attached files
file | filename |
---|---|
EX-32.(A) - EX-32.(A) - PACCAR FINANCIAL CORP | ck0000731288-ex32a_8.htm |
EX-31.(B) - EX-31.(B) - PACCAR FINANCIAL CORP | ck0000731288-ex31b_10.htm |
EX-31.(A) - EX-31.(A) - PACCAR FINANCIAL CORP | ck0000731288-ex31a_6.htm |
EX-12.(A) - EX-12.(A) - PACCAR FINANCIAL CORP | ck0000731288-ex12a_7.htm |
10-Q - 10-Q - PACCAR FINANCIAL CORP | ck0000731288-10q_20180331.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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Three Months Ended |
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March 31 |
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2018 |
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2017 |
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FIXED CHARGES |
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Interest expense |
|
$ |
26.2 |
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$ |
21.3 |
|
Facility and equipment rental |
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|
.5 |
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.4 |
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TOTAL FIXED CHARGES |
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$ |
26.7 |
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|
$ |
21.7 |
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EARNINGS |
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Income before income taxes |
|
$ |
26.6 |
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$ |
20.0 |
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Depreciation |
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|
84.3 |
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|
83.3 |
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|
|
|
110.9 |
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103.3 |
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FIXED CHARGES |
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|
26.7 |
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|
|
21.7 |
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EARNINGS AS DEFINED |
|
$ |
137.6 |
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$ |
125.0 |
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RATIO OF EARNINGS TO FIXED CHARGES |
|
5.15X |
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|
5.76X |
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