EXHIBIT 12
THE FINOVA GROUP INC.
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(Dollars in Thousands)
NINE MONTHS ENDED
SEPTEMBER 30,
----------------------
2000 1999
-------- --------
Income from continuing operations before income taxes $ 53,841 $264,255
Add fixed charges:
Interest expense 454,421 330,680
One-third rentals 3,335 2,433
-------- --------
Total fixed charges 457,756 333,113
-------- --------
Income as adjusted $511,597 $597,368
-------- --------
Ratio of income to fixed charges 1.12 1.79
======== ========
Preferred stock dividends on a pre-tax basis $ 4,770 $ 4,770
Total fixed charges and preferred stock dividends $462,526 $337,883
-------- --------
Ratio of income from continuing operations to fixed
charges and preferred stock dividends 1.11 1.77
======== ========