Attached files
file | filename |
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10-Q - GECC 10-Q 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | gecc10q093009.htm |
EX-31.A - GECC EX31A 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex31a0903.htm |
EX-31.B - GECC EX31B 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex31b0903.htm |
EX-99 - GECC EX99 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex99093009.htm |
EX-10 - GECC EX10 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex10093009.htm |
EX-32 - GECC EX32 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex32093009.htm |
Exhibit
12
General
Electric Capital Corporation and consolidated affiliates
Computation
of Ratio of Earnings to Fixed Charges
Nine months ended September 30,
2009
(Unaudited)
Ratio
of
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earnings
to
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fixed
charges
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(Dollars
in millions)
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Earnings(a)
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$
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(1,659)
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Plus:
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Interest
included in expense(b)
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13,648
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One-third
of rental expense(c)
|
209
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|
Adjusted
“earnings”(d)
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$
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12,198
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Fixed
Charges:
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Interest
included in expense(b)
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$
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13,648
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Interest
capitalized
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30
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One-third
of rental expense(c)
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209
|
|
Total
fixed charges
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$
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13,887
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Ratio
of earnings to fixed charges
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0.88
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(a)
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Earnings
before income taxes, noncontrolling interests, discontinued operations and
undistributed earnings of equity
investees.
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(b)
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Included
interest on tax deficiencies.
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(c)
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Considered
to be representative of interest factor in rental
expense.
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(d)
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In
accordance with Item 503 of SEC Regulation S-K, we are required to
disclose the amount of earnings needed to achieve a one-to-one ratio of
earnings to fixed charges. As of September 30, 2009, this amount
was $1,689 million.
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