PACCAR FINANCIAL CORP - FORM 10-Q - EX-12.(B) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - August 6, 2010

Attached files

file filename
10-Q - QUARTERLY REPORT ON FORM 10-Q - PACCAR FINANCIAL CORPd10q.htm
EX-31.(B) - SECTION 302 CERTIFICATION - PACCAR FINANCIAL CORPdex31b.htm
EX-12.(A) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - PACCAR FINANCIAL CORPdex12a.htm
EX-31.(A) - SECTION 302 CERTIFICATION - PACCAR FINANCIAL CORPdex31a.htm
EX-32.(A) - SECTION 906 CERTIFICATION - PACCAR FINANCIAL CORPdex32a.htm

EXHIBIT 12(b)

FORM 10-Q

PACCAR FINANCIAL CORP.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO THE SUPPORT AGREEMENT

BETWEEN THE COMPANY AND PACCAR

(Millions of Dollars)

 

     Six months ended
June 30
     2010    2009

FIXED CHARGES

      

Interest expense

    $ 48.5    $ 68.7

Facility and equipment rental

      1.1      1.1
             
     

TOTAL FIXED CHARGES

    $ 49.6    $ 69.8
             
     

EARNINGS

      

Income before taxes

    $ 23.2    $ 22.6

Depreciation

      67.4      57.9
             
     90.6      80.5
     

FIXED CHARGES

      49.6      69.8
             
     

EARNINGS AS DEFINED

    $ 140.2    $ 150.3
             
     

RATIO OF EARNINGS TO FIXED CHARGES

      2.83X      2.15X
             

PACCAR FINANCIAL CORP Reports