HSBC Finance Corp – ‘10-Q’ for 9/30/97 – EX-12

On:  Wednesday, 11/12/97   ·   As of:  11/13/97   ·   For:  9/30/97   ·   Accession #:  354964-97-26   ·   File #:  1-08198

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      25    132K 
 2: EX-12       Statement re: Computation of Ratios                    1      7K 
 3: EX-21       Subsidiaries of the Registrant                         5     20K 
 4: EX-27       Financial Data Schedule (Pre-XBRL)                     2±     7K 
 5: EX-99.1     Miscellaneous Exhibit                                  1      7K 

EX-12   —   Statement re: Computation of Ratios

EX-12
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EXHIBIT 12                
----------                

HOUSEHOLD INTERNATIONAL, INC. AND SUBSIDIARIES                                  

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND TO COMBINED               
FIXED CHARGES AND PREFERRED STOCK DIVIDENDS                                     

                                                                [Download Table]

------------------------------------------------------------------  
All dollar amounts are stated in millions.                          
Nine months ended September 30                     1997       1996  
------------------------------------------------------------------  
                                                                    
Net income                                     $  469.0   $  375.0  
Income taxes                                      247.2      198.5  
                                               --------   --------  
Income before income taxes                        716.2      573.5  
                                               --------   --------  
Fixed charges:                                                      
  Interest expense <F1>                         1,121.5    1,124.7  
  Interest portion of rentals <F2>                 20.7       21.3  
                                               --------   --------  
Total fixed charges                             1,142.2    1,146.0  
                                               --------   --------  
Total earnings as defined                      $1,858.4   $1,719.5  
                                               ========   ========  
Ratio of earnings to fixed charges                 1.63       1.50  
                                               ========   ========  
Preferred stock dividends <F3>                 $   13.7   $   19.2  
                                               ========   ========  
Ratio of earnings to combined fixed charges                         
  and preferred stock dividends                    1.61       1.48  
                                               ========   ========  
<FN>                                                                
<F1>  For financial statement purposes, interest expense includes   
      income earned on temporary investment of excess funds,        
      generally resulting from over-subscriptions of commercial     
      paper.                                                        

<F2>  Represents one-third of rentals, which approximates the       
      portion representing interest.                                

<F3>  Preferred stock dividends are grossed up to their pretax      
      equivalent based upon an effective tax rate of 34.5 and 34.6  
      percent for the nine months ended September 30, 1997 and 1996,
      respectively.                                                 
</FN>                                                               

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
Filed as of:		11/13/97
Filed on:		11/12/97
For Period End:		9/30/97
		9/30/96		10-Q
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