Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - JUNE 30, 2010 - TOYOTA MOTOR CREDIT CORP | form10q062010.htm |
| EX-31.2 - EXHIBIT 31.2 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-1.htm |
| EX-32.1 - EXHIBIT 32.1 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-1.htm |
| EX-32.2 - EXHIBIT 32.2 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-2.htm |
EXHIBIT 12.1
TOYOTA MOTOR CREDIT CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Three months ended June 30,
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(Dollars in millions)
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2010
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2009
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|
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Consolidated income before provision for income taxes
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$927
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$284
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Fixed charges:
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Interest1
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491
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499
|
|
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Portion of rent expense representative of the interest factor (deemed to be one-third)
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2
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2
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Total fixed charges
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493
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501
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Earnings available for fixed charges
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$1,420
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$785
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Ratio of earnings to fixed charges
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2.88
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1.57
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1 Components of interest expense are discussed under “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Interest Expense.”