Exhibit 12-A
Chrysler Financial Corporation and Subsidiaries
Computations of Ratios of Earnings to Fixed Charges
(dollars in millions)
Nine Months Ended
September 30,
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1998 1997
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Net earnings before cumulative effect of
changes in accounting principles $ 344 $ 307
Add back:
Taxes on income 174 158
Fixed charges 735 622
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Earnings available for fixed charges $ 1,253 $ 1,087
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Fixed charges:
Interest expense $ 724 $ 609
Rent 11 13
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Total fixed charges $ 735 $ 622
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Ratio of earnings to fixed charges 1.70 1.75
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The ratio of earnings to fixed charges is computed by dividing earnings
available for fixed charges by total fixed charges. Fixed charges consist of
interest, amortization of debt discount and expense, and rentals. Rentals
included in fixed charges are the portion of total rent expense
representative of the interest factor (deemed to be one-third).