EX-12.1 7 k61038ex12-1.txt COPUTATION OF RATIOS 1 ADVANCED ACCESSORY SYSTEMS, LLC EXHIBIT 12.1 - 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 from continuing operations .......................................... $ 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. 59