Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_8.htm |
| EX-32.1 - EX-32.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex321_9.htm |
| EX-31.2 - EX-31.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex312_11.htm |
| EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_10.htm |
| 10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20180630.htm |
Exhibit 12.1
American Honda Finance Corporation and Subsidiaries
Calculation of Ratio of Earnings to Fixed Charges
(U.S. dollars in millions)
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Three months ended |
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June 30, |
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2018 |
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2017 |
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Earnings |
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Consolidated income before provision for income taxes |
$ |
426 |
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$ |
389 |
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Fixed Charges |
|
275 |
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|
205 |
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Earnings |
$ |
701 |
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$ |
594 |
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Fixed Charges |
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Interest expense |
$ |
274 |
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$ |
204 |
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Interest portion of rental expense (1) |
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1 |
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1 |
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Total fixed charges |
$ |
275 |
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$ |
205 |
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Ratio of earnings to fixed charges |
2.55x |
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2.9x |
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(1) |
One-third of all rental expense is deemed to be interest. |