Ryder System (R) 10-Q2017 Q2 Quarterly report

Filed: 26 Jul 17, 12:00am

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Removed: adjusted, assumption, classifying, dual, invalid, match, proportion, reduction, utility, weaker, 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 six months ended June 30, 2017


EARNINGS:
Earnings before income taxes		140,648
Fixed charges		90,779
Add: Amortization of capitalized interest		290
Less: Interest capitalized		—
Earnings available for fixed charges (A)		231,717

FIXED CHARGES:
Interest and other financial charges		69,738
Portion of rents representing interest expense		21,041
Total fixed charges (B)		90,779

RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)		2.55x

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