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8th grade Good
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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 Six Months Ended June 30, 2016 | |||
EARNINGS: | |||
Earnings before income taxes | 205,487 | ||
Fixed charges | 95,055 | ||
Add: Amortization of capitalized interest | 300 | ||
Less: Interest capitalized | — | ||
Earnings available for fixed charges (A) | 300,842 | ||
FIXED CHARGES: | |||
Interest and other financial charges | 75,267 | ||
Portion of rents representing interest expense | 21,788 | ||
Total fixed charges (B) | 97,055 | ||
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B) | 3.12x | ||