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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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New words:
extension, growth, longer, renew
Removed:
improved
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PACCAR FINANCIAL CORP. - FORM 10-Q
EXHIBIT 12(b)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO THE SUPPORT AGREEMENT
BETWEEN THE COMPANY AND PACCAR
(Millions of Dollars)
Six Months Ended June 30 | ||||||||
2015 | 2014 | |||||||
FIXED CHARGES | ||||||||
Interest expense | $ | 28.6 | $ | 26.6 | ||||
Facility and equipment rental | .7 | .7 | ||||||
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TOTAL FIXED CHARGES | $ | 29.3 | $ | 27.3 | ||||
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EARNINGS | ||||||||
Income before income taxes | $ | 90.9 | $ | 81.9 | ||||
Depreciation | 119.4 | 112.3 | ||||||
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210.3 | 194.2 | |||||||
FIXED CHARGES | 29.3 | 27.3 | ||||||
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EARNINGS AS DEFINED | $ | 239.6 | $ | 221.5 | ||||
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RATIO OF EARNINGS TO FIXED CHARGES | 8.18X | 8.11X | ||||||
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