Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex311_6.htm |
| 10-K - 10-K - AMERICAN HONDA FINANCE CORP | ahfc-10k_20180331.htm |
| EX-32.2 - EX-32.2 - AMERICAN HONDA FINANCE CORP | ahfc-ex322_11.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_9.htm |
| EX-23.1 - EX-23.1 - AMERICAN HONDA FINANCE CORP | ahfc-ex231_8.htm |
| EX-10.12 - EX-10.12 - AMERICAN HONDA FINANCE CORP | ahfc-ex1012_592.htm |
| EX-10.10 - EX-10.10 - AMERICAN HONDA FINANCE CORP | ahfc-ex1010_593.htm |
| EX-10.8 - EX-10.8 - AMERICAN HONDA FINANCE CORP | ahfc-ex108_594.htm |
| EX-10.6 - EX-10.6 - AMERICAN HONDA FINANCE CORP | ahfc-ex106_595.htm |
Exhibit 12.1
American Honda Finance Corporation and Subsidiaries
Calculation of Ratio of Earnings to Fixed Charges
(U.S. dollars in millions)
|
|
Years ended March 31, |
|
|||||||||
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|||
|
Earnings |
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated income before provision for income taxes |
$ |
1,480 |
|
|
$ |
1,190 |
|
|
$ |
1,458 |
|
|
Fixed Charges |
|
900 |
|
|
|
731 |
|
|
|
595 |
|
|
Earnings |
$ |
2,380 |
|
|
$ |
1,921 |
|
|
$ |
2,053 |
|
|
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
$ |
897 |
|
|
$ |
728 |
|
|
$ |
592 |
|
|
Interest portion of rental expense (1) |
|
3 |
|
|
|
3 |
|
|
|
3 |
|
|
Total fixed charges |
$ |
900 |
|
|
$ |
731 |
|
|
$ |
595 |
|
|
Ratio of earnings to fixed charges |
2.64x |
|
|
2.63x |
|
|
3.45x |
|
|||
|
(1) |
One-third of all rental expense is deemed to be interest. |