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Previous: HERTZ CORP, 10-Q, 2000-08-11 |
Next: HERTZ CORP, 10-Q, EX-27, 2000-08-11 |
<PAGE> 1
EXHIBIT 12
THE HERTZ CORPORATION AND SUBSIDIARIES
CONSOLIDATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS OF DOLLARS EXCEPT RATIOS)
UNAUDITED
<TABLE>
<CAPTION>
Six Months
Ended June 30,
--------------
2000 1999
---- ----
<S> <C> <C>
Income before income taxes $262,306 $228,968
Interest expense 195,769 161,283
Portion of rent estimated to represent the
interest factor 47,130 41,930
-------- --------
Earnings before income taxes and fixed charges $505,205 $432,181
======== ========
Interest expense (including capitalized interest) $197,416 $161,929
Portion of rent estimated to represent the
interest factor 47,130 41,930
-------- --------
Fixed charges $244,546 $203,859
======== ========
Ratio of earnings to fixed charges 2.1 2.1
======== ========
</TABLE>
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