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Previous: HERTZ CORP, 10-Q, 2000-11-14 |
Next: HERTZ CORP, 10-Q, EX-27, 2000-11-14 |
<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>
Nine Months Ended
September 30,
----------------------------------
2000 1999
---------- ---------
<S> <C> <C>
Income before income taxes $497,898 $461,663
Interest expense 317,617 258,308
Portion of rent estimated to represent the
interest factor 72,962 65,821
-------- --------
Earnings before income taxes and fixed charges $888,477 $785,792
======== ========
Interest expense (including capitalized interest) $320,003 $259,587
Portion of rent estimated to represent the
interest factor 72,962 65,821
-------- --------
Fixed charges $392,965 $325,408
======== ========
Ratio of earnings to fixed charges 2.3 2.4
======== ========
</TABLE>
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