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Previous: PACCAR FINANCIAL CORP, 10-Q, EX-12.2, 2000-11-13 |
Next: PACCAR FINANCIAL CORP, 10-Q, EX-27, 2000-11-13 |
EXHIBIT 12.3
PACCAR AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
PURSUANT TO SEC REPORTING REQUIREMENTS
(Thousands of Dollars)
| |
Nine Months Ended September 30 |
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|---|---|---|---|---|---|---|---|---|---|
| |
2000 |
1999 |
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| FIXED CHARGES | |||||||||
| Interest expense—PACCAR and subsidiaries(1) | $ | 183,387 | $ | 136,515 | |||||
| Portion of rentals deemed interest | 14,895 | 13,312 | |||||||
| TOTAL FIXED CHARGES | $ | 198,282 | $ | 149,827 | |||||
| EARNINGS |
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| Income before taxes—PACCAR and subsidiaries | $ | 571,294 | $ | 634,399 | |||||
| Fixed charges | 198,282 | 149,827 | |||||||
| EARNINGS AS DEFINED | $ | 769,576 | $ | 784,226 | |||||
| RATIO OF EARNINGS TO FIXED CHARGES |
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3.88 |
x |
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5.23 |
x |
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