Exhibit 12-A
CHRYSLER FINANCIAL CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
Three Months Ended
March 31,
(Unaudited)
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1995 1994
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(dollars in millions)
Net Earnings before cumulative effect
of changes in accounting principles $ 69 $ 47
Add back:
Taxes on income 40 28
Fixed charges 217 190
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Earnings available for fixed charges $326 $265
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Fixed charges:
Interest expense $213 $185
Rent 4 5
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Total fixed charges $217 $190
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Ratio of earnings to fixed charges 1.50 1.39
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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).