EX-12 2 jdcc10qexh1213101.txt JDCC 10-Q EXHIBIT 12 1/31/2001 Exhibit 12 John Deere Capital Corporation and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (thousands of dollars) Three Months Ended January 31, ------------------------------ 2001 2000 ----------- ----------- Earnings: Income before income taxes and changes in accounting $ 66,202 $ 55,245 Fixed charges 125,183 100,739 ----------- ----------- Total Earnings $191,385 $155,984 Fixed charges: Interest expense $123,407 $ 99,111 Rent Expense 1,776 1,628 ----------- ----------- Total fixed Charges $125,183 $100,739 =========== =========== Ratio of earnings to Fixed charges* 1.53 1.55 =========== =========== For the Years Ended October 31, -------------------------------------------- 2000 1999 1998 1997 1996 -------- -------- -------- -------- -------- Earnings: Income before income taxes and changes in accounting $216,712 $235,760 $233,534 $211,251 $206,588 Fixed charges 447,169 366,102 373,237 330,648 276,726 -------- -------- -------- -------- -------- Total Earnings $663,881 $601,862 $606,771 $541,899 $483,314 ======== ======== ======== ======== ======== Fixed charges: Interest expense $440,220 $360,925 $368,381 $326,867 $273,748 Rent Expense 6,949 5,177 4,856 3,782 2,978 -------- -------- -------- -------- -------- Total fixed charges $447,169 $366,102 $373,237 $330,649 $276,726 ======== ======== ======== ======== ======== Ratio of earnings to fixed charges* 1.48 1.64 1.63 1.64 1.75 ======== ======== ======== ======== ========