EX-12 4 exhibit123312008.htm EXHIBIT 12 3-31-2008 exhibit123312008.htm

Exhibit 12
 

General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
Three months ended March 31, 2008
 
(Unaudited)
 

 
 
Ratio of
earnings to
fixed charges
  
(Dollars in millions)
      
       
Earnings(a)
$
2,597
  
Plus
      
Interest included in expense(b)
  
6,164
  
One-third of rental expense(c)
  
88
  
Adjusted “earnings”
$
8,849
  
       
Fixed charges
      
Interest included in expense(b)
$
6,164
  
Interest capitalized
  
18
  
One-third of rental expense(c)
  
88
  
Total fixed charges
$
6,270
  
       
Ratio of earnings to fixed charges
  
1.41
  
       

(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.