Attached files
file | filename |
---|---|
EX-31.(A) - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - PACCAR FINANCIAL CORP | d316565dex31a.htm |
EX-12.(A) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE COMPANY PURSUANT TO SEC - PACCAR FINANCIAL CORP | d316565dex12a.htm |
EX-31.(B) - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - PACCAR FINANCIAL CORP | d316565dex31b.htm |
EXCEL - IDEA: XBRL DOCUMENT - PACCAR FINANCIAL CORP | Financial_Report.xls |
10-Q - FORM 10-Q - PACCAR FINANCIAL CORP | d316565d10q.htm |
EX-32.(A) - CERTIFICATION PURSUANT TO RULE 13A-14(B) AND SECTION 906 - PACCAR FINANCIAL CORP | d316565dex32a.htm |
PACCAR FINANCIAL CORP. - FORM 10-Q
EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
Three Months Ended March 31 |
||||||||
2012 | 2011 | |||||||
FIXED CHARGES |
||||||||
Interest expense |
$ | 14.7 | $ | 16.8 | ||||
Facility and equipment rental |
.4 | .5 | ||||||
|
|
|
|
|||||
TOTAL FIXED CHARGES |
$ | 15.1 | $ | 17.3 | ||||
|
|
|
|
|||||
EARNINGS |
||||||||
Income before income taxes |
$ | 31.8 | $ | 23.5 | ||||
Depreciation |
40.6 | 32.5 | ||||||
|
|
|
|
|||||
72.4 | 56.0 | |||||||
FIXED CHARGES |
15.1 | 17.3 | ||||||
|
|
|
|
|||||
EARNINGS AS DEFINED |
$ | 87.5 | $ | 73.3 | ||||
|
|
|
|
|||||
RATIO OF EARNINGS TO FIXED CHARGES |
5.79X | 4.24X | ||||||
|
|
|
|