EX-12.1 2 k61688ex12-1.txt STATEMENT RE: COMPUTATION OF RATIOS 1 EXHIBIT 12.1 ADVANCED ACCESSORY SYSTEMS, LLC STATEMENT REGARDING COMPUTATION OF RATIOS -- FIXED CHARGE COVERAGE RATIO FOR THE YEARS ENDED DECEMBER 31, 2000, 1999, AND 1998 (DOLLAR AMOUNTS IN THOUSANDS)
DECEMBER 31, ----------------------------- 2000 1999 1998 ---- ---- ---- Pre-tax income (loss) from continuing operations............ $ 7,515 $ 5,395 $ 813 ------- ------- ------- 7,515 5,395 813 ------- ------- ------- Fixed Charges: Interest expense and amortization of debt discount and premium on all indebtedness............................ 17,950 17,453 18,633 Rentals(1).................................................. 2,711 1,390 1,317 ------- ------- ------- Total fixed charges......................................... 20,661 18,843 19,950 ------- ------- ------- Earnings before income taxes, minority interest and fixed charges................................................... $28,176 $24,238 $20,763 ======= ======= ======= Ratio of earnings to fixed charges.......................... $ 1.36x 1.29x 1.04x ======= ======= =======
------------------------- (1) Amount included in fixed charges for rentals is considered by management to be a reasonable approximation of the interest factor.