Attached files
| file | filename |
|---|---|
| 10-K - 2009 FORM 10K - NAVISTAR FINANCIAL CORP | nfcform10k_2009.htm |
| EX-4.0 - EXHIBIT 4 INSTRUMENTS - NAVISTAR FINANCIAL CORP | exhibit_4.htm |
| EX-10.0 - EXHIBIT 10 CONTRACTS - NAVISTAR FINANCIAL CORP | exhibit_10.htm |
| EX-32.0 - EXHIBIT 32 CERTIFICATION - NAVISTAR FINANCIAL CORP | exhibit_32.htm |
| EX-31.2 - EXHIBIT 31.2 CFO - NAVISTAR FINANCIAL CORP | exhibit31_2.htm |
| EX-31.1 - EXHIBIT 31.1 CEO - NAVISTAR FINANCIAL CORP | exhibit31_1.htm |
| EX-3.0 - EXHIBIT 3 ARTICLES - NAVISTAR FINANCIAL CORP | exhibit_3.htm |
Exhibit
12
NAVISTAR
FINANCIAL CORPORATION AND SUBSIDIARIES
CALCULATION
OF RATIO OF EARNINGS TO FIXED CHARGES
MILLIONS
OF DOLLARS
(unaudited)
|
For
the Years Ended October 31,
|
||||||||||||||||||||
|
2009
|
2008
|
2007
|
2006
|
2005
|
||||||||||||||||
|
Earnings
|
||||||||||||||||||||
|
Income
before
taxes
|
$ | 46.6 | $ | (44.8 | ) | $ | 105.4 | $ | 127.2 | $ | 123.4 | |||||||||
|
Fixed
charges
|
69.6 | 186.8 | 238.0 | 194.6 | 133.3 | |||||||||||||||
|
Earnings
before fixed charges
|
$ | 116.2 | $ | 142.0 | $ | 343.4 | $ | 321.8 | $ | 256.7 | ||||||||||
|
Fixed
charges
|
||||||||||||||||||||
|
Interest
expense
|
69.6 | 186.8 | 238.0 | 194.6 | 133.3 | |||||||||||||||
|
Total
fixed
charges
|
$ | 69.6 | $ | 186.8 | $ | 238.0 | $ | 194.6 | $ | 133.3 | ||||||||||
|
Ratio
of earnings to fixed charges
|
1.67 | * | 1.44 | 1.65 | 1.93 | |||||||||||||||
For the
purpose of our ratio, earnings consist of the sum of (a) pre-tax income, and (b)
fixed charges. Fixed charges consist of consolidated interest expense of
Navistar Financial Corporation and its consolidated subsidiaries.
*
Deficiency of $44.8
E-24