Nevada
|
1-11255
|
88-0106815
|
(State of other jurisdiction of incorporation)
|
(Commission File Number)
|
(I.R.S. Employer Identification Number)
|
Exhibit No.
|
Description
|
|
12.1
|
Statement Regarding Computation of Ratio of Earnings to Fixed Charges.
|
Date: February 3, 2011
|
AMERCO
By:
/s/ Jason A. Berg
Jason A. Berg
Principal Financial Officer and
Chief Accounting Officer
|
Nine Months Ended
|
||||||||||||||||||||||||||||
December 31,
|
Fiscal Year Ended March 31,
|
|||||||||||||||||||||||||||
2010
|
2009
|
2010
|
2009
|
2008
|
2007
|
2006
|
||||||||||||||||||||||
Income before income taxes
|
$ | 272,019 | $ | 112,896 | $ | 100,190 | $ | 22,578 | $ | 102,302 | $ | 145,823 | $ | 200,273 | ||||||||||||||
Plus fixed charges:
|
||||||||||||||||||||||||||||
Interest expense
|
62,637 | 67,457 | 88,758 | 94,255 | 93,642 | 73,045 | 59,630 | |||||||||||||||||||||
Capitalized interest
|
349 | 459 | 609 | 693 | 996 | 596 | 151 | |||||||||||||||||||||
Amortization of debt related expenses
|
3,200 | 3,678 | 5,198 | 4,908 | 5,287 | 3,960 | 3,871 | |||||||||||||||||||||
Estimated interest component of rent expense
|
37,930 | 39,249 | 52,317 | 50,808 | 44,644 | 49,220 | 45,551 | |||||||||||||||||||||
Fixed charges
|
$ | 104,116 | $ | 110,843 | $ | 146,882 | $ | 150,664 | $ | 144,569 | $ | 126,821 | $ | 109,203 | ||||||||||||||
Preferred dividends
|
$ | 14,910 | $ | 15,435 | $ | 19,791 | $ | 21,825 | $ | 19,564 | $ | 20,875 | $ | 21,428 | ||||||||||||||
Ratio of earnings to fixed charges (excluding preferred dividends)
|
3.6 | x | 2.0 | x | 1.7 | x | 1.1 | x | 1.7 | x | 2.1 | x | 2.8 | x | ||||||||||||||
Ratio of earnings to combined fixed charges and preferred dividends
|
3.2 | x | 1.8 | x | 1.5 | x | 1.0 | x | 1.5 | x | 1.8 | x | 2.4 | x |