EX-12.1 7 dex121.txt EXHIBIT 12.1 Exhibit 12.1 Mohegan Tribal Gaming Authority Ratio of Earnings to Fixed Charges
Quarter Ended Fiscal Year Ended September 30, December ------------------------------------------- --------------- 2001 2000 1999 1998 1997(1) 2001 2000 -------- -------- -------- -------- ------- ------- ------- Earnings: Income from Operations... $190,067 $204,304 $156,546 $135,687 $82,675 $31,427 $43,315 Fixed Charges: Interest Expense......... 25,060 37,799 55,595 50,172 45,095 14,799 5,925 Capitalized Interest..... 27,408 9,880 534 -- -- 3,229 4,812 -------- -------- -------- -------- ------- ------- ------- Total Fixed Charges....... 52,468 47,679 56,129 50,172 45,095 18,028 10,737 ======== ======== ======== ======== ======= ======= ======= Ratio of Earnings to Fixed Charges................. 3.6x 4.3x 2.8x 2.7x 1.8x 1.7x 4.0x ======== ======== ======== ======== ======= ======= =======
-------- (1) The Authority commenced operations on October 12, 1996.