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Previous: TEXTRON FINANCIAL CORP, 10-Q, 2000-11-13 |
Next: TEXTRON FINANCIAL CORP, 10-Q, EX-27.1, 2000-11-13 |
<PAGE> 1
Exhibit 12.1
TEXTRON FINANCIAL CORPORATION
STATEMENT SETTING FORTH COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
Nine months ended
September 30, 2000
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Income before income taxes and distributions on
preferred securities $135,458
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Fixed Charges:
Interest on debt 247,390
Estimated interest portion of rents 1,419
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Total fixed charges 248,809
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Adjusted Income 384,267
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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