EX-12.1 106 a2200425zex-12_1.htm EX-12.1
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Exhibit 12.1


OnCure Holdings, Inc.
Computation of Ratio or Deficiency of Earnings to Fixed Charges
(in thousands, except ratio data)

   
 
  Six Months Ended
June 30,
  Year Ended December 31,  
 
  2009   2010   2005   2006   2007   2008   2009  

Earnings:

                                           
 

Income (loss) from continuing operations before income taxes

  $ 3,588   $ (10,035 ) $ 1,761   $ (18,082 ) $ (11,050 ) $ (7,341 ) $ 30,009  
 

Less: Equity interest in net earnings of joint venture

    (457 )   (298 )           (959 )   (1,144 )   (738 )
 

Plus: Distributed income of joint venture

    591     358             426     1,434     1,205  
 

Plus: Fixed charges

    10,055     10,973     6,017     14,471     19,786     21,114     19,764  
                               

Earnings from continuing operations plus fixed charges(1)

  $ 13,777   $ 998   $ 7,778   $ (3,611 ) $ 8,203   $ 14,063   $ 50,240  
                               

Fixed Charges:

                                           
 

Interest expense

  $ 8,485   $ 9,466   $ 5,133   $ 12,640   $ 17,486   $ 18,258   $ 16,726  
 

Interest component of rentals

    1,570     1,507     884     1,831     2,300     2,856     3,038  
                               

Fixed Charges(2)

  $ 10,055   $ 10,973   $ 6,017   $ 14,471   $ 19,786   $ 21,114   $ 19,764  
                               

Ratio of earnings to fixed charges

    1.37         1.29                 2.54  

Coverage deficiency

      $ (9,975 )     $ (18,082 ) $ (11,583 ) $ (7,051 )    

(1)
Earnings consist of earnings (loss) before income tax expense (benefit) and fixed charges.

(2)
Fixed charges consist of interest expense, including amortization of deferred financing costs, plus the portion of rental expense considered to be representative of an interest factor.



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OnCure Holdings, Inc. Computation of Ratio or Deficiency of Earnings to Fixed Charges (in thousands, except ratio data)