EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS Computation of Ratio of Earnings

EXHIBIT 12.1

ANWORTH MORTGAGE ASSET CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(in thousands, except ratios)

Computation of ratio of earnings to combined fixed charges and preferred stock dividends:

 

     Year Ended December 31,
   2009    2008    2007     2006     2005

Fixed charges(1)

    $ 115,707    $ 181,324    $ 224,884      $ 202,037      $ 131,099

Preferred stock dividends

      5,906      5,928      4,749        4,044        3,901
                                    

Combined fixed charges and preferred stock dividends

    $ 121,613    $ 187,252    $ 229,633      $ 206,081      $ 135,000
                                    

Fixed charges

    $ 121,613    $ 187,252    $ 229,633      $ 206,081      $ 135,000

Income (loss) from continuing operations

      130,234      55,049      (5,178 )      (11,441 )      22,275
                                    
   $ 251,847    $ 242,301    $ 224,455      $ 194,640      $ 157,275
                                    

Dollar amount of deficiency

    $ —      $ —      $ (5,178 )    $ (11,441 )    $ —  
                                    

Ratio of earnings to combined fixed charges and preferred stock dividends

      2.07      1.29      0.98        0.94        1.17
                                    

 

(1) Fixed charges consist of interest expense on all indebtedness.