|
|
|
|
|
|
|
|
|
|
Previous: CATERPILLAR FINANCIAL SERVICES CORP, 10-Q, 2000-10-20 |
Next: CATERPILLAR FINANCIAL SERVICES CORP, 10-Q, EX-27, 2000-10-20 |
EXHIBIT 12
Caterpillar Financial Services Corporation
Computation Of Ratio Of Profit To Fixed Charges
(Unaudited)
(Millions of Dollars)
Three Months Ended Nine months Ended
September September September September
30, 30, 30, 30,
2000 1999 2000 1999
Net Income $ 43 $ 37 $115 $104
Add:
Provision for income taxes 23 21 61 58
Deduct:
Equity in profit of partnerships - (1) (2) (1)
Profit before taxes $ 66 $ 57 $174 $161
Fixed charges:
Interest on borrowed funds $197 $144 $535 $416
Rentals at computed interest* 2 1 4 3
Total fixed charges $199 $145 $539 $419
Profit before taxes plus fixed
charges $265 $202 $713 $580
Ratio of profit before taxes plus
fixed charges to fixed charges 1.33 1.39 1.32 1.38
*Those portions of rent expense that are representative of interest cost.
|
|