EX-12.1 8 ryderex121-q22016.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 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 |