Paccar Financial 10-K2009 FY Annual report

Filed: 26 Feb 10, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: adequacy, America, assuming, attributable, back, challenge, classified, comply, curve, delivered, delivery, fleet, GVW, issuance, lbs, nil, OCI, owed, part, persist, quarterly, recent, Recessionary, Reclassification, settling, size, subsequent, sum, updated, utilization, voluntary, wholly

Removed: annually, auditor, Avenue, bankrupt, cap, collectibility, combination, component, correlation, decreasing, demonstrated, FASB, individually, leading, life, lock, matched, medical, partial, premium, Quebec, replacement, representing, setting, ton, tonnage, unfunded, website, worldwide

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Paccar Financial similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

Exhibit 12(a)

PACCAR Financial Corp.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO SEC REPORTING REQUIREMENTS (1)

(Millions of Dollars)


	Year ended December 31
	2009		2008		2007		2006		2005
FIXED CHARGES
Interest expense	$	126.2	$	160.1	$	199.0	$	163.9	$	101.2

Portion of rentals deemed interest		1.7		1.7		1.6		1.5		1.4


TOTAL FIXED CHARGES	$	127.9	$	161.8	$	200.6	$	165.4	$	102.6


EARNINGS
Income before taxes	$	44.8	$	71.6	$	133.4	$	136.3	$	120.0

FIXED CHARGES		127.9		161.8		200.6		165.4		102.6


EARNINGS AS DEFINED	$	172.7	$	233.4	$	334.0	$	301.7	$	222.6


RATIO OF EARNINGS TO FIXED CHARGES		1.35x		1.44x		1.67x		1.82x		2.17x

(1)	The method of computing the ratio of earnings to fixed charges shown above complies with SEC reporting requirements, but differs from the method called for in the Support Agreement between the Company and PACCAR as shown in Exhibit 12(b).

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.