Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - PACCAR FINANCIAL CORPFinancial_Report.xls
10-Q - FORM 10-Q - PACCAR FINANCIAL CORPd355912d10q.htm
EX-31.(B) - CERTIFICATION OF PRINCIPLE FINANCIAL OFFICER - PACCAR FINANCIAL CORPd355912dex31b.htm
EX-32.(A) - SECTION 906 CERTIFICATIONS - PACCAR FINANCIAL CORPd355912dex32a.htm
EX-31.(A) - CERTIFICATION OF PRINCIPLE EXECUTIVE OFFICER - PACCAR FINANCIAL CORPd355912dex31a.htm
EX-12.(A) - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - PACCAR FINANCIAL CORPd355912dex12a.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                 4.56