EX-12.1 6 k68283ex12-1.txt STATEMENT RE: COMPUTATION OF RATIOS ADVANCED ACCESSORY SYSTEMS, LLC EXHIBIT 12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS - FIXED CHARGE COVERAGE RATIO FOR THE YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999 (DOLLAR AMOUNTS IN THOUSANDS)
DECEMBER 31, 2001 2000 1999 ------------- ------------ ------------ Pre-tax income from continuing operations..................................... $ 2,996 $ 7,515 $ 5,395 ------------ ------------ ------------ Fixed Charges: Interest expense and amortization of debt discount and premium on all indebtedness............................................. 17,684 17,950 17,453 Rentals (1)................................................. 2,713 2,711 1,390 ------------- ------------- ------------- Total fixed charges......................................... 20,397 20,661 18,843 ------------- ------------- ------------- Earnings before income taxes, minority interest and fixed charges....................... $ 23,393 $ 28,176 $ 24,238 ============= ============= ============= Ratio of earnings to fixed charges.......................... 1.15x 1.36x 1.29x ============= ============= =============
---------- (1) Amount included in fixed charges for rentals is considered by management to be a reasonable approximation of the interest factor. 62