EX-12.1 7 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

CURAGEN CORPORATION AND SUBSIDIARY

RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratio data)

 

     Year Ended December 31,  
     2005     2004     2003     2002     2001  

Loss:

          

Loss before income tax benefit and minority interest in subsidiary loss

   $ (75,605 )   $ (97,231 )   $ (80,634 )   $ (95,793 )   $ (47,968 )

Add: Fixed charges

     10,714       14,000       10,623       10,909       11,153  
                                        

Total loss

   $ (64,891 )   $ (83,231 )   $ (70,011 )   $ (84,884 )   $ (36,815 )
                                        

Fixed charges:

          

Interest expense on indebtedness (including amortization of financing costs)

   $ 9,864     $ 13,172     $ 9,830     $ 10,176     $ 10,553  

Estimated interest portion of rental expense

     850       828       793       733       600  
                                        

Total fixed charges

   $ 10,714     $ 14,000     $ 10,623     $ 10,909     $ 11,153  
                                        

Ratio of Earnings to Fixed Charges

     (6.06 )     (5.94 )     (6.59 )     (7.78 )     (3.30 )
                                        

Deficiency of Earnings Available to Cover Fixed Charges

   $ (75,605 )   $ (97,231 )   $ (80,634 )   $ (95,793 )   $ (47,968 )