EX-12.(A) 3 d311298dex12a.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE COMPANY Computation of ratio of earnings to fixed charges of the Company

EXHIBIT 12(a)

PACCAR Inc

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

PURSUANT TO SEC REPORTING REQUIREMENTS

(Millions of Dollars)

 

Three Months Ended March 31

    2012      2011  

FIXED CHARGES

      

Interest expense

    $ 39.0       $ 45.8   

Portion of rentals deemed interest

     1.2         1.7   
  

 

 

     

 

 

  

TOTAL FIXED CHARGES

   $ 40.2       $ 47.5   
  

 

 

     

 

 

  

EARNINGS

      

Income before taxes

    $ 479.0       $ 286.3   

Fixed charges

     40.2         47.5   
  

 

 

     

 

 

  

EARNINGS AS DEFINED

   $ 519.2       $ 333.8   
  

 

 

     

 

 

  

RATIO OF EARNINGS TO FIXED CHARGES

     12.92X         7.03X