EX-12.1 2 anh-ex121_20141231206.htm EX-12.1

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:

 

 

 

For the Years Ended December 31,

 

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

2010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges(1)

 

$

79,907

 

 

$

92,970

 

 

$

86,073

 

 

$

89,265

 

 

$

95,830

 

Preferred stock dividends

 

 

5,716

 

 

 

5,736

 

 

 

5,773

 

 

 

5,885

 

 

 

5,764

 

Combined fixed charges and preferred stock dividends

 

$

85,623

 

 

$

98,706

 

 

$

91,846

 

 

$

95,150

 

 

$

101,594

 

Fixed charges

 

$

85,623

 

 

$

98,706

 

 

$

91,846

 

 

$

95,150

 

 

$

101,594

 

Net Income

 

$

28,619

 

 

$

75,720

 

 

$

100,218

 

 

$

122,876

 

 

$

110,499

 

 

 

$

114,242

 

 

$

174,426

 

 

$

192,064

 

 

$

218,026

 

 

$

212,093

 

Dollar amount of deficiency

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

 

1.33

 

 

 

1.77

 

 

 

2.09

 

 

 

2.29

 

 

 

2.09

 

 

(1)

Fixed charges consist of interest expense on all indebtedness.