EXHIBIT 12.1
AMERICREDIT CORP.
STATEMENT RE COMPUTATION OF RATIOS
(dollars in thousands)
Years Ended June 30,
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1997 1996 1995
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COMPUTATION OF EARNINGS:
Income before
income taxes $62,925 $34,256 $10,018
Interest expense (none
capitalized) 16,312 13,129 4,015
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$79,237 $47,385 $14,033
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COMPUTATION OF FIXED CHARGES:
Interest expenses $16,312 $13,129 $ 4,015
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Total fixed charges $16,312 $13,129 $ 4,015
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RATIO OF EARNINGS TO
FIXED CHARGES 4.9x 3.6x 3.5x
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48