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Content analysis
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THE HERTZ CORPORATION AND SUBSIDIARIES
CONSOLIDATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands of Dollars Except Ratios)
Unaudited
|
| Three Months Ended |
| ||||
|
| 2007 |
| 2006 |
| ||
Loss before income taxes and minority interest |
| $ | (90,593 | ) | $ | (63,300 | ) |
Interest expense |
| 241,678 |
| 217,970 |
| ||
Portion of rent estimated to represent the interest factor |
| 37,553 |
| 34,730 |
| ||
Earnings before income taxes, minority interest and fixed charges |
| $ | 188,638 |
| $ | 189,400 |
|
Interest expense (including capitalized interest) |
| $ | 242,895 |
| $ | 219,562 |
|
Portion of rent estimated to represent the interest factor |
| 37,553 |
| 34,730 |
| ||
Fixed charges |
| $ | 280,448 |
| $ | 254,292 |
|
Ratio of earnings to fixed charges |
| (a) |
| (a) |
|
(a) Earnings before income taxes, minority interest and fixed charges for the three months ended March 31, 2007 and 2006 were inadequate to cover fixed charges by $91.8 million and $64.9 million, respectively.