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EXHIBIT 12.4
PACCAR Financial Corp.
COMPUTATION OF RATIOS FOR ALLOWANCE FOR LOSSES
ON RECEIVABLES AND PAST DUE LEVELS
(Thousands of Dollars)
Three Months Ended
March 31
1994 1993
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Net credit losses (recoveries) $ (558) $ 1,116
Allowance for losses at end of period 25,500 21,840
Average net receivables and
equipment on operating leases 1,527,513 1,200,620
Period end net receivables and equipment on
operating leases 1,546,083 1,216,332
Period end gross retail contracts and leases
past due over 60 days 5,659 12,654
Period end gross retail contracts and lease
receivables (1) 1,312,241 1,031,776
Ratios:
Net credit losses (recoveries) to
average net receivables and
equipment on operating leases (2) (.15%) .38%
Allowance for losses to period end net
receivables and equipment on
operating leases 1.65% 1.80%
Period end gross retail contracts and leases
past due over 60 days to period end gross
retail contracts and lease receivables .43% 1.23%
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(1) Exclusive of Pledge Line receivables.
(2) Annualized.
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