EX-12.1 10 d87013ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.1 U.S. RESTAURANT PROPERTIES, INC. RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (IN THOUSANDS)
THREE MONTHS ENDED MARCH 31, ---------------------------- 2001 2000 -------- -------- Net Income (Loss) $(19,919) $ 409 Fixed Charges: Interest Expense 9,104 7,698 Capitalized Interest 12 272 Preferred Dividend Requirements 1,776 1,776 -------- -------- Total Fixed Charges and Preferred Stock Dividends 10,892 9,746 Less Preferred Stock Dividend Requirements 1,776 1,776 -------- -------- Earnings $(10,803) $ 8,379 ======== ======== Ratio of Earnings to Fixed Charges (1.18) 1.05 Dollar deficiency $ 19,919 $ -- Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends (0.99) 0.86 Dollar deficiency $ 21,695 $ 1,367