RYDER SYSTEM INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - October 22, 2015

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EX-32 - EXHIBIT 32 - RYDER SYSTEM INCryderex32-q32015.htm
EX-31.2 - EXHIBIT 31.2 - RYDER SYSTEM INCryderex312-q32015.htm
EX-31.1 - EXHIBIT 31.1 - RYDER SYSTEM INCryderex311-q32015.htm
10-Q - 10-Q - RYDER SYSTEM INCryder3rdquarter201510-q.htm


EXHIBIT 12.1
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
 
 
 
 
For the Nine Months Ended September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EARNINGS:
 
 
 
 
 
 
 
Earnings before income taxes
 
 
 
 
 
357,524

 
Fixed charges
 
 
 
 
 
147,682

 
Add: Amortization of capitalized interest
 
 
 
 
 
424

 
Less: Interest capitalized
 
 
 
 
 
—

 
Earnings available for fixed charges (A)
 
 
 
 
 
505,630

 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
Interest and other financial charges
 
 
 
 
 
115,131

 
Portion of rents representing interest expense
 
 
 
 
 
32,551

 
Total fixed charges (B)
 
 
 
 
 
147,682

 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
 
 
 
 
3.42x
 
 
 
 
 
 
 
 
 




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