Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - HSBC Finance Corp | hbio33117ex32.htm |
| EX-31 - EXHIBIT 31 - HSBC Finance Corp | hbio33117ex31.htm |
| 10-Q - 10-Q - HSBC Finance Corp | hbio3311710-q.htm |
EXHIBIT 12
HSBC FINANCE CORPORATION
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
Three Months Ended March 31, | 2017 | 2016 | |||||
(dollars are in millions) | |||||||
Income (loss) from continuing operations | $ | 418 | $ | (70 | ) | ||
Income tax expense (benefit) | 256 | (56 | ) | ||||
Income (loss) from continuing operations before income tax expense | 674 | (126 | ) | ||||
Fixed charges: | |||||||
Interest expense | 90 | 160 | |||||
Interest portion of rentals(1) | — | 1 | |||||
Total fixed charges | 90 | 161 | |||||
Total earnings from continuing operations as defined | $ | 764 | $ | 35 | |||
Ratio of earnings to fixed charges | 8.49 | .22 | |||||
(1) | Represents one-third of rentals, which approximates the portion representing interest. |