Exhibit 12-A
CHRYSLER FINANCIAL CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
Nine Months Ended
September 30,
(Unaudited)
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1994 1993
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(dollars in millions)
Net Earnings before cumulative effect
of changes in accounting principles $ 141 $ 103
Add back:
Taxes on income 85 73
Fixed charges 569 628
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Earnings available for fixed charges $ 795 $ 804
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Fixed charges:
Interest expense $ 556 $ 613
Rent 13 15
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Total fixed charges $ 569 $ 628
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Ratio of earnings to fixed charges 1.40 1.28
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The ratios of earnings to fixed charges have been computed by dividing
earnings before income taxes and fixed charges by 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).