EX-12.1 8 ryderex121-q22016.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
 
 
For the Six Months Ended June 30, 2016
 
 
 
 
EARNINGS:
 
 
Earnings before income taxes
 
205,487

Fixed charges
 
95,055

Add: Amortization of capitalized interest
 
300

Less: Interest capitalized
 
—

Earnings available for fixed charges (A)
 
300,842

 
 
 
FIXED CHARGES:
 
 
Interest and other financial charges
 
75,267

Portion of rents representing interest expense
 
21,788

Total fixed charges (B)
 
97,055

 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
3.12x