Attached files
| file | filename |
|---|---|
| EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_8.htm |
| EX-32.1 - EX-32.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex321_7.htm |
| EX-31.2 - EX-31.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex312_9.htm |
| EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_6.htm |
| EX-4.6 - EX-4.6 - AMERICAN HONDA FINANCE CORP | ahfc-ex46_352.htm |
| 10-Q - 10-Q - AMERICAN HONDA FINANCE CORP | ahfc-10q_20171231.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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Nine months ended |
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December 31, |
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December 31, |
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2017 |
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2016 |
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2017 |
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2016 |
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Earnings |
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Consolidated income before provision for income taxes |
$ |
370 |
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|
$ |
184 |
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|
$ |
1,123 |
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|
$ |
886 |
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|
Fixed Charges |
|
230 |
|
|
|
187 |
|
|
|
653 |
|
|
|
536 |
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Earnings |
$ |
600 |
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|
$ |
371 |
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|
$ |
1,776 |
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|
$ |
1,422 |
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Fixed Charges |
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|
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|
|
|
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Interest expense |
$ |
229 |
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|
$ |
186 |
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|
$ |
651 |
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|
$ |
533 |
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Interest portion of rental expense (1) |
|
1 |
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|
1 |
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2 |
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|
3 |
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Total fixed charges |
$ |
230 |
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|
$ |
187 |
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|
$ |
653 |
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|
$ |
536 |
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Ratio of earnings to fixed charges |
2.61x |
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|
1.98x |
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2.72x |
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2.65x |
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(1) |
One-third of all rental expense is deemed to be interest. |