EX-12.1 5 dex121.htm STATEMENTS RE: COMPUTATION OF RATIOS Prepared by R.R. Donnelley Financial -- Statements re: Computation of Ratios
EXHIBIT 12.1
 
The following table sets forth the calculation of the Company’s ratio of earnings to fixed charges for the periods shown.
 
ANWORTH MORTGAGE ASSET CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
 
      
Six Months Ended June 30, 2002
     
Year Ended December 31, 2001
     
Year Ended December 31, 2000
     
Year Ended December 31, 1999
     
Period from March 17, 1998 to December 31, 1998
RATIO OF EARNINGS TO FIXED CHARGES
                                   
Net income
     
       7,103
     
3,706
     
1,261
     
1,209
     
885
Add: interest expense
     
5,114
     
6,363
     
8,674
     
7,892
     
7,378
      
    
    
    
    
Earnings as adjusted
     
12,217
     
10,069
     
9,935
     
9,101
     
8,263
Fixed charges (interest
expense)
     
5,114
     
6,363
     
8,674
     
7,892
     
7,378
      
    
    
    
    
Ratio of earnings to fixed charges
     
2.39
     
1.58
     
1.15
     
1.15
     
1.12