EX-12 2 geccex126302008.htm GECC EXHIBIT 12 6-30-2008 geccex126302008.htm
Exhibit 12
 

General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
Six months ended June 30, 2008
 
(Unaudited)
 

 
 
Ratio of
earnings to
fixed charges
  
(Dollars in millions)
      
       
Earnings(a)
$
5,444
  
Plus
      
Interest included in expense(b)
  
12,437
  
One-third of rental expense(c)
  
177
  
Adjusted “earnings”
$
18,058
  
       
Fixed charges
      
Interest included in expense(b)
$
12,437
  
Interest capitalized
  
33
  
One-third of rental expense(c)
  
177
  
Total fixed charges
$
12,647
  
       
Ratio of earnings to fixed charges
  
1.43
  
       

(a)
Earnings before income taxes, minority interest and discontinued operations.
(b)
Included interest on tax deficiencies.
(c)
Considered to be representative of interest factor in rental expense.