Paccar Financial Corp – ‘10-Q’ for 6/30/00 – EX-12.2

On:  Friday, 8/11/00, at 3:13pm ET   ·   For:  6/30/00   ·   Accession #:  912057-0-36593   ·   File #:  1-11677

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      11     59K 
 2: EX-2        Plan of Acquisition, Reorganization, Arrangement,      1      9K 
                          Liquidation or Succession                              
 3: EX-12.1     Statement re: Computation of Ratios                    1      8K 
 4: EX-12.2     Statement re: Computation of Ratios                    1      8K 
 5: EX-12.3     Statement re: Computation of Ratios                    1      8K 
 6: EX-27.1     Financial Data Schedule (Pre-XBRL)                     2     12K 
15: EX-27.10    Financial Data Schedule (Pre-XBRL)                     2     12K 
16: EX-27.11    Financial Data Schedule (Pre-XBRL)                     2     12K 
 7: EX-27.2     Financial Data Schedule (Pre-XBRL)                     2     12K 
 8: EX-27.3     Financial Data Schedule (Pre-XBRL)                     2     11K 
 9: EX-27.4     Financial Data Schedule (Pre-XBRL)                     2     12K 
10: EX-27.5     Financial Data Schedule (Pre-XBRL)                     2     12K 
11: EX-27.6     Financial Data Schedule (Pre-XBRL)                     2     12K 
12: EX-27.7     Financial Data Schedule (Pre-XBRL)                     2     12K 
13: EX-27.8     Financial Data Schedule (Pre-XBRL)                     2     12K 
14: EX-27.9     Financial Data Schedule (Pre-XBRL)                     2     12K 

EX-12.2   —   Statement re: Computation of Ratios

EX-12.2
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                                                                    EXHIBIT 12.2

PACCAR Financial Corp.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 

PURSUANT TO THE SUPPORT AGREEMENT 
BETWEEN THE COMPANY AND PACCAR
(Thousands of Dollars)

                                                                [Download Table]


                                           Six Months Ended        
                                               June 30             
                                       2000                  1999  
                                    -------------------------------
                                                                   
FIXED CHARGES                                                      
  Interest expense                  $ 94,443               $ 69,313
  Facility and equipment rental          478                    498
                                    -------------------------------
TOTAL FIXED CHARGES                 $ 94,921               $ 69,811
                                    ===============================

EARNINGS                                                           
  Income before taxes               $ 29,576               $ 29,312
  Depreciation                         4,550                  4,562
                                    -------------------------------

                                      34,126                 33,874
  Fixed charges                       94,921                 69,811
                                    -------------------------------

EARNINGS AS DEFINED                 $129,047               $103,685
                                    ===============================

RATIO OF EARNINGS TO FIXED CHARGES     1.36x                  1.49x

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