Free signup for more
- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Avg
|
|
New words:
ability, approximately, average, Canadian, closely, commercial, contingent, contract, equity, floating, gain, maturing, mix, obtain, paper, partly, portfolio, rate, reflecting, remaining, stockholder, term, unsecured
Removed:
repossession
Filing tables
Filing exhibits
Paccar Financial similar filings
Filing view
External links
EXHIBIT 12.2
FORM 10-Q
PACCAR FINANCIAL CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
|
| Six Months Ended |
| ||||
|
| 2004 |
| 2003 |
| ||
|
|
|
|
|
| ||
FIXED CHARGES |
|
|
|
|
| ||
Interest expense |
| $ | 31.5 |
| $ | 43.7 |
|
Facility and equipment rental |
| .9 |
| .9 |
| ||
|
|
|
|
|
| ||
TOTAL FIXED CHARGES |
| $ | 32.4 |
| $ | 44.6 |
|
|
|
|
|
|
| ||
EARNINGS |
|
|
|
|
| ||
Income before taxes |
| $ | 52.4 |
| $ | 35.3 |
|
Depreciation |
| 19.9 |
| 12.4 |
| ||
|
|
|
|
|
| ||
|
| 72.3 |
| 47.7 |
| ||
Fixed charges |
| 32.4 |
| 44.6 |
| ||
|
|
|
|
|
| ||
EARNINGS AS DEFINED |
| $ | 104.7 | $ | 92.3 |
| |
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 3.23 | x | 2.07 | x | ||
1