Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PACCAR FINANCIAL CORP | ck0000731288-10q_20180630.htm |
| EX-32.A - EX-32.A - PACCAR FINANCIAL CORP | ck0000731288-ex32a_9.htm |
| EX-31.B - EX-31.B - PACCAR FINANCIAL CORP | ck0000731288-ex31b_8.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_10.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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Six Months Ended |
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|||||
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June 30 |
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2018 |
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2017 |
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||
|
FIXED CHARGES |
|
|
|
|
|
|
|
|
|
Interest expense |
|
$ |
55.8 |
|
|
$ |
43.1 |
|
|
Facility and equipment rental |
|
|
.9 |
|
|
|
.8 |
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|
|
|
|
|
|
|
|
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TOTAL FIXED CHARGES |
|
$ |
56.7 |
|
|
$ |
43.9 |
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|
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|
|
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|
EARNINGS |
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|
|
|
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|
|
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Income before income taxes |
|
$ |
53.1 |
|
|
$ |
42.5 |
|
|
Depreciation |
|
|
166.9 |
|
|
|
167.4 |
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|
|
|
|
220.0 |
|
|
|
209.9 |
|
|
|
|
|
|
|
|
|
|
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|
FIXED CHARGES |
|
|
56.7 |
|
|
|
43.9 |
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|
|
|
|
|
|
|
|
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|
EARNINGS AS DEFINED |
|
$ |
276.7 |
|
|
$ |
253.8 |
|
|
|
|
|
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|
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|
RATIO OF EARNINGS TO FIXED CHARGES |
|
4.88X |
|
|
5.78X |
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||