PACCAR FINANCIAL CORP - FORM 10-Q - EX-12.(B) - STATEMENTS RE COMPUTATION OF RATIOS: SUPPORT AGREEMENT - November 8, 2010

Attached files

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10-Q - QUARTERLY REPORT ON FORM 10-Q - PACCAR FINANCIAL CORPd10q.htm
EX-32 - SECTION 906 CEO AND CFO CERTIFICATION - PACCAR FINANCIAL CORPdex32.htm
EX-12.(A) - STATEMENTS RE COMPUTATION OF RATIOS: SEC REPORTING REQUIREMENTS - PACCAR FINANCIAL CORPdex12a.htm
EX-31.(A) - SECTION 302 CEO CERTIFICATION - PACCAR FINANCIAL CORPdex31a.htm
EX-31.(B) - SECTION 302 CFO CERTIFICATION - PACCAR FINANCIAL CORPdex31b.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)

 

     Nine months ended
September 30		  
     2010      2009  

FIXED CHARGES

      

Interest expense

    $ 70.6       $ 99.0   

Facility and equipment rental

      1.6         1.6   
                 
     

TOTAL FIXED CHARGES

    $ 72.2       $ 100.6   
                 
     

EARNINGS

      

Income before taxes

    $ 39.3       $ 30.1   

Depreciation

      98.9         87.1   
                 
     138.2         117.2   
     

FIXED CHARGES

      72.2         100.6   
                 
     

EARNINGS AS DEFINED

    $ 210.4       $ 217.8   
                 
     

RATIO OF EARNINGS TO FIXED CHARGES

      2.91X         2.17X   
                 

PACCAR FINANCIAL CORP Reports

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