EX-12.1 4 w34367exv12w1.htm RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1
NII HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands)
                 
    Three Months Ended
    March 31,
    2007 2006
Income from continuing operations before income tax
   $ 126,816     $ 99,791  
 
                
Add:
                
Fixed charges
     34,806       31,414  
Amortization of capitalized interest
     1,351       889  
 
                
Less:
                
Interest capitalized
     1,702       3,166  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
     
Earnings as adjusted
   $ 161,271     $ 128,928  
     
 
                
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 24,329     $ 21,415  
Interest capitalized
     1,702       3,166  
Portion of rent expense representative of interest (30%)
     8,775       6,834  
     
Fixed charges
   $ 34,806     $ 31,414  
     
 
                
Ratio of earnings to fixed charges
     4.63       4.10  
     
 
                
Deficiency of earnings to cover fixed charges
   $ —     $ —