Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - TOYOTA MOTOR CREDIT CORP | Financial_Report.xls |
| EX-31.2 - EXHIBIT 31.2 - TOYOTA MOTOR CREDIT CORP | dp48527_ex3102.htm |
| EX-31.1 - EXHIBIT 31.1 - TOYOTA MOTOR CREDIT CORP | dp48527_ex3101.htm |
| EX-32.1 - EXHIBIT 32.1 - TOYOTA MOTOR CREDIT CORP | dp48527_ex3201.htm |
| 10-Q - FORM 10-Q - TOYOTA MOTOR CREDIT CORP | dp48527_10q.htm |
| EX-32.2 - EXHIBIT 32.2 - TOYOTA MOTOR CREDIT CORP | dp48527_ex3202.htm |
EXHIBIT 12.1
TOYOTA MOTOR CREDIT CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Three Months Ended
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June 30,
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(Dollars in millions)
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2014
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2013
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Consolidated income before provision for income taxes
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$ | 577 | $ | 144 | ||||
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Fixed charges:
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Interest1
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$ | 130 | $ | 536 | ||||
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Portion of rent expense representative of the interest
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factor (deemed to be one-third)
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2 | 2 | ||||||
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Total fixed charges
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$ | 132 | $ | 538 | ||||
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Earnings available for fixed charges
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$ | 709 | $ | 682 | ||||
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Ratio of earnings to fixed charges
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5.37 | 1.27 | ||||||
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1 Components of interest expense are discussed under “Item 2. Management’s Discussion and Analysis of Financial Condition
and Results of Operations, Interest Expense.”
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75