CNH Industrial Capital LLC - FORM 10-Q - EX-12.1 - November 2, 2015

Attached files

file filename
10-Q - 10-Q - CNH Industrial Capital LLCa2226406z10-q.htm
EX-32.1 - EX-32.1 - CNH Industrial Capital LLCa2226406zex-32_1.htm
EX-31.2 - EX-31.2 - CNH Industrial Capital LLCa2226406zex-31_2.htm
EX-31.1 - EX-31.1 - CNH Industrial Capital LLCa2226406zex-31_1.htm

QuickLinks -- Click here to rapidly navigate through this document


EXHIBIT 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

        For the three and nine months ended September 30, 2015 and 2014, the computation of ratio of earnings to fixed charges is as follows (dollars in thousands):

 
   Three Months Ended
September 30, 		  Nine Months Ended
September 30, 		 
 
   2015   2014   2015   2014  

Earnings:

                          

Income before taxes

   $ 81,767   $ 88,452   $ 252,344   $ 291,586  

Fixed charges

     73,127     74,133     219,372     207,965  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total earnings

   $ 154,894   $ 162,585   $ 471,716   $ 499,551  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed charges:

                          

Interest expense inclusive of amortized premiums, discounts and capitalized expenses related to indebtedness

   $ 73,109   $ 74,115   $ 219,315   $ 207,912  

Estimate of the interest component of rental expense

     18     18     57     53  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges

   $ 73,127   $ 74,133   $ 219,372   $ 207,965  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of earnings to fixed charges

     2.12     2.19     2.15     2.40  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​



QuickLinks

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

CNH Industrial Capital LLC Reports