Attached files
file | filename |
---|---|
EXCEL - IDEA: XBRL DOCUMENT - PACCAR FINANCIAL CORP | Financial_Report.xls |
10-Q - FORM 10-Q - PACCAR FINANCIAL CORP | d355912d10q.htm |
EX-31.(B) - CERTIFICATION OF PRINCIPLE FINANCIAL OFFICER - PACCAR FINANCIAL CORP | d355912dex31b.htm |
EX-32.(A) - SECTION 906 CERTIFICATIONS - PACCAR FINANCIAL CORP | d355912dex32a.htm |
EX-31.(A) - CERTIFICATION OF PRINCIPLE EXECUTIVE OFFICER - PACCAR FINANCIAL CORP | d355912dex31a.htm |
EX-12.(A) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - PACCAR FINANCIAL CORP | d355912dex12a.htm |
Exhibit 12(b)
PACCAR FINANCIAL CORP. - FORM 10-Q
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 |
||||||||
2012 | 2011 | |||||||
FIXED CHARGES |
||||||||
Interest expense |
$ | 28.8 | $ | 32.2 | ||||
Facility and equipment rental |
.9 | 1.0 | ||||||
|
|
|
|
|||||
TOTAL FIXED CHARGES |
$ | 29.7 | $ | 33.2 | ||||
|
|
|
|
|||||
EARNINGS |
||||||||
Income before income taxes |
$ | 66.2 | $ | 49.8 | ||||
Depreciation |
83.5 | 68.5 | ||||||
|
|
|
|
|||||
149.7 | 118.3 | |||||||
FIXED CHARGES |
29.7 | 33.2 | ||||||
|
|
|
|
|||||
EARNINGS AS DEFINED |
$ | 179.4 | $ | 151.5 | ||||
|
|
|
|
|||||
RATIO OF EARNINGS TO FIXED CHARGES |
6.04 | X | 4.56 | X | ||||
|
|
|
|