EX-12.1 5 k74279exv12w1.txt STATEMENT REGARDING STATEMENT OF RATIOS EXHIBIT 12.1 ADVANCED ACCESSORY SYSTEMS, LLC EXHIBIT 12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS - FIXED CHARGE COVERAGE RATIO FOR THE YEARS ENDED DECEMBER 31, 2002, 2001 AND 2000 (DOLLAR AMOUNTS IN THOUSANDS)
DECEMBER 31, 2002 2001 2000 -------- -------- -------- Pre-tax income from continuing operations......................... $ 21,837 $ 2,996 $ 7,515 -------- -------- -------- Fixed Charges: Interest expense and amortization of debt discount and premium on all indebtedness................................. 15,907 17,684 17,950 Rentals(1)...................................... 2,933 2,713 2,711 -------- -------- -------- Total fixed charges............................. 18,840 20,397 20,661 -------- -------- -------- Earnings before income taxes and fixed charges............................. $ 40,677 $ 23,393 $ 28,176 ======== ======== ======== Ratio of earnings to fixed charges.............. 2.16x 1.15x 1.36x ======== ======== ========
---------- (1) Amount included in fixed charges for rentals is considered by management to be a reasonable approximation of the interest factor.