EX-12 2 a07-14015_1ex12.htm EX-12

EXHIBIT 12

THE HERTZ CORPORATION AND SUBSIDIARIES
CONSOLIDATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In Thousands of Dollars Except Ratios)
Unaudited

 

 

Three Months Ended
March 31,

 

 

 

2007

 

2006

 

Loss before income taxes and minority interest

 

$

(90,593

)

$

(63,300

)

Interest expense

 

241,678

 

217,970

 

Portion of rent estimated to represent the interest factor

 

37,553

 

34,730

 

Earnings before income taxes, minority interest and fixed charges

 

$

188,638

 

$

189,400

 

Interest expense (including capitalized interest)

 

$

242,895

 

$

219,562

 

Portion of rent estimated to represent the interest factor

 

37,553

 

34,730

 

Fixed charges

 

$

280,448

 

$

254,292

 

Ratio of earnings to fixed charges

 

(a)

 

(a)

 

 

(a)             Earnings before income taxes, minority interest and fixed charges for the three months ended March 31, 2007 and 2006 were inadequate to cover fixed charges by $91.8 million and $64.9 million, respectively.