PARKER HANNIFIN CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

file	filename
EXCEL - IDEA: XBRL DOCUMENT - PARKER HANNIFIN CORP	Financial_Report.xls
10-Q - QUARTERLY REPORT - PARKER HANNIFIN CORP	d10q.htm
EX-32 - SECTION 906 CEO AND CFO CERTIFICATION - PARKER HANNIFIN CORP	dex32.htm
EX-10.(C) - FORM OF NOTICE OF 2010-11-12 LONG TERM INCENTIVE AWARD - PARKER HANNIFIN CORP	dex10c.htm
EX-10.(A) - FORM OF NOTICE OF FY10 TARGET INCENTIVE BONUS AWARD - PARKER HANNIFIN CORP	dex10a.htm
EX-10.(B) - FORM OF NOTICE OF FY10 TARGET INCENTIVE BONUS AWARD UNDER PERFORMANCE BONUS PLAN - PARKER HANNIFIN CORP	dex10b.htm
EX-31.(I).(A) - SECTION 302 CEO CERTIFICATION - PARKER HANNIFIN CORP	dex31ia.htm
EX-31.(I).(B) - SECTION 302 CFO CERTIFICATION - PARKER HANNIFIN CORP	dex31ib.htm

Exhibit 12

PARKER-HANNIFIN CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)


	Six Months Ended December 31,					Fiscal Year Ended June 30,
	2009		2008			2009			2008		2007		2006			2005
EARNINGS
Income from continuing operations before income taxes and noncontrolling interests	$	256,264	$	557,621		$	683,083		$	1,334,572	$	1,166,463	$	901,490		$	740,127
Adjustments:
Interest on indebtedness, exclusive of interest capitalized in accordance with FASB #34 and interest on ESOP loan guarantee		49,439		57,218			109,911			96,572		80,053		71,100			62,482
Amortization of deferred loan costs		1,313		1,168			2,143			1,793		1,511		1,888			1,457
Portion of rents representative of interest factor		20,919		17,689			41,839			35,378		29,000		25,609			21,507
Loss (income) of equity investees		108		(245	)		(1,529	)		2,596		1,059		(161	)		(1,935	)
Amortization of previously capitalized interest		131		131			262			278		282		304			280

Income as adjusted	$	328,174	$	633,582		$	835,709		$	1,471,189	$	1,278,368	$	1,000,230		$	823,918

FIXED CHARGES
Interest on indebtedness, exclusive of interest capitalized in accordance with FASB #34 and interest on ESOP loan guarantee	$	49,439	$	57,218		$	109,911		$	96,572	$	80,053	$	71,100		$	62,482
Capitalized interest												436		178
Amortization of deferred loan costs		1,313		1,168			2,143			1,793		1,511		1,888			1,457
Portion of rents representative of interest factor		20,919		17,689			41,839			35,378		29,000		25,609			21,507

Fixed charges	$	71,671	$	76,075		$	153,893		$	133,743	$	111,000	$	98,775		$	85,446

RATIO OF EARNINGS TO FIXED CHARGES		4.58x		8.33x			5.43x			11.00x		11.52x		10.13x			9.64x

PARKER HANNIFIN CORP - FORM 10-Q - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 4, 2010