Attached files

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EX-32 - EXHIBIT 32 - RYDER SYSTEM INCryderex32-q12018.htm
EX-31.2 - EXHIBIT 31.2 - RYDER SYSTEM INCryderex312-q12018.htm
EX-31.1 - EXHIBIT 31.1 - RYDER SYSTEM INCryderex311-q12018.htm
10-Q - 10-Q - RYDER SYSTEM INCryder1stquarter201810-q.htm


EXHIBIT 12.1
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
For the three months ended March 31, 2018
 
 
 
 
EARNINGS:
 
 
Earnings before income taxes
 
$
48,100

Fixed charges
 
48,244

Add: Amortization of capitalized interest
 
192

Less: Interest capitalized
 

Earnings available for fixed charges (A)
 
$
96,536

 
 
 
FIXED CHARGES:
 
 
Interest and other financial charges
 
$
37,781

Portion of rents representing interest expense
 
10,463

Total fixed charges (B)
 
$
48,244

 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
2.00