Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - PACCAR FINANCIAL CORP | d259416d10q.htm |
| EX-32.(A) - EX-32(A) - PACCAR FINANCIAL CORP | d259416dex32a.htm |
| EX-31.(B) - EX-31(B) - PACCAR FINANCIAL CORP | d259416dex31b.htm |
| EX-31.(A) - EX-31(A) - PACCAR FINANCIAL CORP | d259416dex31a.htm |
| EX-12.(A) - EX-12(A) - PACCAR FINANCIAL CORP | d259416dex12a.htm |
PACCAR FINANCIAL CORP. - FORM 10-Q
EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
| Nine Months Ended September 30 |
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| 2016 | 2015 | |||||||
| FIXED CHARGES |
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| Interest expense |
$ | 56.2 | $ | 43.9 | ||||
| Facility and equipment rental |
1.2 | 1.2 | ||||||
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| TOTAL FIXED CHARGES |
$ | 57.4 | $ | 45.1 | ||||
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| EARNINGS |
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| Income before income taxes |
$ | 103.6 | $ | 137.8 | ||||
| Depreciation |
205.5 | 182.7 | ||||||
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| 309.1 | 320.5 | |||||||
| FIXED CHARGES |
57.4 | 45.1 | ||||||
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| EARNINGS AS DEFINED |
$ | 366.5 | $ | 365.6 | ||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
6.39X | 8.11X | ||||||
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