Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - SEPTEMBER 30, 2014 - TOYOTA MOTOR CREDIT CORP | form10q_093014.htm |
| EX-31.2 - EXHIBIT 31.2 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-2.htm |
| EX-32.1 - EXHIBIT 32.1 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-1.htm |
| EX-32.2 - EXHIBIT 32.2 - 906 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_32-2.htm |
| EXCEL - IDEA: XBRL DOCUMENT - TOYOTA MOTOR CREDIT CORP | Financial_Report.xls |
| EX-31.1 - EXHIBIT 31.1 - 302 CERTIFICATION - TOYOTA MOTOR CREDIT CORP | exhibit_31-1.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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Six Months Ended
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September 30,
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September 30,
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(Dollars in millions)
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2014
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2013
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2014
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2013
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Consolidated income before provision for income
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taxes
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$
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467
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$
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393
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$
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1,044
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$
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537
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Fixed charges:
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Interest1
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$
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215
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$
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314
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$
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345
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$
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850
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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
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2
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4
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4
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Total fixed charges
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$
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217
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$
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316
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$
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349
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$
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854
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Earnings available for fixed charges
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$
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684
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$
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709
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$
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1,393
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$
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1,391
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Ratio of earnings to fixed charges
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3.15
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2.24
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3.99
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1.63
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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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