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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)
Six Months Ended
June 30
1995 1994
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Net credit losses (recoveries) $ (588) $ (789)
Allowance for losses at end of period 32,450 25,850
Average finance receivables and
equipment on operating leases 1,799,624 1,546,284
Period end finance receivables and equipment
on operating leases 1,870,062 1,593,192
Period end contracts and operating
lease receivables past due over 60 days 7,449 5,581
Period end contracts and
operating lease receivables 1,562,140 1,375,078
Ratios:
Net credit losses (recoveries) to
average finance receivables and
equipment on operating leases(1) (.07%) (.10%)
Allowance for losses to period end
finance receivables and equipment on
operating leases 1.74% 1.62%
Period end contracts and operating lease
receivables past due over 60 days to period
end contracts and operating lease receivables .48% .41%
(1) Annualized.
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