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 |
H.S. sophomore Avg
|
New words:
accrual, closing, Conversely, enacted, fell, fluctuated, oil, Prevention, scrutiny, York
Removed:
beginning, CFPB, DOJ, embassy, Japan, placement, profit, requested
Filing tables
Filing exhibits
TM/28 similar filings
Filing view
External links
EXHIBIT 12.1
TOYOTA MOTOR CREDIT CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | Nine Months Ended | |||||||||
December 31, | December 31, | |||||||||
(Dollars in millions) | 2014 | 2013 | 2014 | 2013 | ||||||
Consolidated income before provision for income | ||||||||||
taxes | $ | 492 | $ | 306 | $ | 1,536 | $ | 843 | ||
Fixed charges: | ||||||||||
Interest1 | $ | 161 | $ | 386 | $ | 506 | $ | 1,236 | ||
Portion of rent expense representative of the interest | ||||||||||
factor (deemed to be one-third) | 2 | 2 | 6 | 6 | ||||||
Total fixed charges | $ | 163 | $ | 388 | $ | 512 | $ | 1,242 | ||
Earnings available for fixed charges | $ | 655 | $ | 694 | $ | 2,048 | $ | 2,085 | ||
Ratio of earnings to fixed charges | 4.02 | 1.79 | 4.00 | 1.68 | ||||||
1 Components of interest expense are discussed under “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Interest Expense.” |