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Previous: TEXTRON FINANCIAL CORP, 10-Q, EX-3.1, 2000-08-11 |
Next: TEXTRON FINANCIAL CORP, 10-Q, EX-27, 2000-08-11 |
<PAGE> 1
Exhibit 12.1
TEXTRON FINANCIAL CORPORATION
STATEMENT SETTING FORTH COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
Six months ended
June 30, 2000
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Income before income taxes and
distributions on preferred securities $ 86,270
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Fixed Charges:
Interest on debt 157,698
Estimated interest portion of rents 939
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Total fixed charges 158,637
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Adjusted Income 244,907
Ratio of earnings to fixed charges 1.54x
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The ratio of earnings to fixed charges has been computed by dividing income
before income taxes and distributions on preferred securities and fixed charges
by fixed charges. Fixed charges consist of interest on debt and one-third rental
expense as representative of interest portion of rentals.
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