EX-12.1 3 ex121tos4a110758001_01302018.htm

Exhibit 12.1

 

Associated Capital Group, Inc.
Ratio of Earnings to Fixed Charges
(in thousands)
             
             
   Nine months ended  Years ended
   September 30,  December 31,
   2017  2016  2016  2015
             
Income/(loss) before taxes and                    
   noncontrolling interest  $(15,725)  $9,614   $14,345   $(2,576)
Plus:                    
   Fixed charges (see below)   211    555    591    1,260 
                     
Adjusted Earnings  $(15,514)  $10,169   $14,936   $(1,316)
                     
                     
Fixed Charges:                    
   Interest expense  $210   $554   $590   $1,260 
   Estimated interest portion of rent exp.   1    1    1    0 
                     
Fixed Charges  $211   $555   $591   $1,260 
                     
                     
RATIO    nm     18.33    25.26     nm  

 

 

(a)These ratios were calculated by dividing the sum of fixed charges into the sum of earnings before taxes and fixed charges. Fixed charges for these purposes consist of all interest expense and the approximate portion of rental expense representing interest.