EX-12.1 2 ryderex121-q22017.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, 2017
 
 
 
 
EARNINGS:
 
 
Earnings before income taxes
 
140,648

Fixed charges
 
90,779

Add: Amortization of capitalized interest
 
290

Less: Interest capitalized
 
—

Earnings available for fixed charges (A)
 
231,717

 
 
 
FIXED CHARGES:
 
 
Interest and other financial charges
 
69,738

Portion of rents representing interest expense
 
21,041

Total fixed charges (B)
 
90,779

 
 
 
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B)
 
2.55x