RYDER SYSTEM INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - October 25, 2016

Attached files

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EX-31.1 - EXHIBIT 31.1 - RYDER SYSTEM INCryderex311-q32016.htm
EX-32 - EXHIBIT 32 - RYDER SYSTEM INCryderex32-q32016.htm
EX-31.2 - EXHIBIT 31.2 - RYDER SYSTEM INCryderex312-q32016.htm
EX-3.2 - EXHIBIT 3.2 - RYDER SYSTEM INCryderex3_2-q32016.htm
10-Q - 10-Q - RYDER SYSTEM INCryder3rdquarter201610-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, 2016
 
 
 
 
EARNINGS:
 
 
Earnings before income taxes
 
337,185

Fixed charges
 
144,393

Add: Amortization of capitalized interest
 
456

Less: Interest capitalized
 
—

Earnings available for fixed charges (A)
 
482,034

 
 
 
FIXED CHARGES:
 
 
Interest and other financial charges
 
112,597

Portion of rents representing interest expense
 
31,796

Total fixed charges (B)
 
144,393

 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
3.34x

 
 
 




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