Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20160930.htm |
| EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_7.htm |
| EX-32.1 - EX-32.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex321_10.htm |
| EX-31.2 - EX-31.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex312_8.htm |
| EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_6.htm |
Exhibit 12.1
American Honda Finance Corporation and Subsidiaries
Calculation of Ratio of Earnings to Fixed Charges
(U.S. dollars in millions)
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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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2016 |
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2015 |
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2016 |
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2015 |
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Earnings |
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Consolidated income before provision for income taxes |
$ |
307 |
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$ |
364 |
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$ |
702 |
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$ |
711 |
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Fixed Charges |
|
179 |
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|
144 |
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|
349 |
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|
285 |
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Earnings |
$ |
486 |
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|
$ |
508 |
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$ |
1,051 |
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|
$ |
996 |
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Fixed Charges |
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Interest expense |
$ |
178 |
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$ |
143 |
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$ |
347 |
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$ |
283 |
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Interest portion of rental expense (1) |
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1 |
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1 |
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2 |
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2 |
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Total fixed charges |
$ |
179 |
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$ |
144 |
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$ |
349 |
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$ |
285 |
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Ratio of earnings to fixed charges |
2.72x |
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3.53x |
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3.01x |
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3.49x |
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(1) |
One-third of all rental expense is deemed to be interest. |