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Constraining | ||
Legalese | ||
Litigous | ||
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8th grade Good
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backed, clarification, closed, Europe, headroom, identify, inaccurate, interaction, interruption, July, low, Modification, phase, premium, prospective, shown, weak
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adjusted, assumption, classifying, dual, invalid, match, proportion, reduction, utility, weaker, wholesale
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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 | ||