EX-12.1 2 ryderex121-q32015.htm EXHIBIT 12.1
EXHIBIT 12.1

Ryder System, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
Continuing Operations
(Dollars in thousands)
|  |  |  |  |  | For the Nine Months Ended September 30, 2015 |
EARNINGS: |  |  |  |  |  |  |
Earnings before income taxes |  |  |  |  |  | 357,524 |  |
Fixed charges |  |  |  |  |  | 147,682 |  |
Add: Amortization of capitalized interest |  |  |  |  |  | 424 |  |
Less: Interest capitalized |  |  |  |  |  | — |  |
Earnings available for fixed charges (A) |  |  |  |  |  | 505,630 |  |
FIXED CHARGES: |  |  |  |  |  |  |
Interest and other financial charges |  |  |  |  |  | 115,131 |  |
Portion of rents representing interest expense |  |  |  |  |  | 32,551 |  |
Total fixed charges (B) |  |  |  |  |  | 147,682 |  |
RATIO OF EARNINGS TO FIXED CHARGES (A) / (B) |  |  |  |  |  | 3.42x |