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Constraining | ||
Legalese | ||
Litigous | ||
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New words:
announced, arrangement, derived, earlier, identified, moderating, proportion, ratably, resumption, Topic, wholesale
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EXHIBIT 12.1
Ryder System, Inc. and Subsidiaries | ||||||||
Ratio of Earnings to Fixed Charges | ||||||||
Continuing Operations | ||||||||
(Dollars in thousands) | ||||||||
For the Nine Months Ended September 30, 2015 | ||||||||
EARNINGS: | ||||||||
Earnings before income taxes | 357,524 | |||||||
Fixed charges | 147,682 | |||||||
Add: Amortization of capitalized interest | 424 | |||||||
Less: Interest capitalized | — | |||||||
Earnings available for fixed charges (A) | 505,630 | |||||||
FIXED CHARGES: | ||||||||
Interest and other financial charges | 115,131 | |||||||
Portion of rents representing interest expense | 32,551 | |||||||
Total fixed charges (B) | 147,682 | |||||||
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B) | 3.42x | |||||||