EX-12 2 geccex12.htm GECC EX 12 3-31-2007 GECC Ex 12 3-31-2007
Exhibit 12
 
 
General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
Three months ended March 31, 2007
 
(Unaudited)
 

 
Ratio of
earnings to
fixed charges
  
(Dollars in millions)
      
       
Earnings(a)
$
2,608
  
Plus
      
Interest included in expense
  
5,317
  
One-third of rental expense(b) 
  
87
  
Adjusted “earnings”
$
8,012
  
       
Fixed charges
      
Interest included in expense
$
5,317
  
Interest capitalized
 
20
  
One-third of rental expense(b)
  
87
  
Total fixed charges
$
5,424
  
       
Ratio of earnings to fixed charges
  
1.48
  
       
 
(a)
 Earnings before income taxes, minority interest and discontinued operations.
  
(b)
 Considered to be representative of interest factor in rental expense.