EX-12.1 3 dex121.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 Ratio Support Ratio Of Earnings To Fixed Charges
River Holding Corp. Hudson Respiratory Care Inc. ------------------------------ ----------------------------------------------- Inception to Dec 25, 1998 1999 2000 1996 1997 1998 1999 2000 ---------- -------- -------- -------- -------- -------- -------- -------- Earnings: Pre-tax income (1,574) (7,082) (13,334) 7,154 11,443 (61,676) 358 (5,994) Fixed Charges Interest expense 10,273 17,263 21,089 2,177 1,834 11,327 17,263 21,089 Amortization of debt expense 635 -- -- 59 62 -- -- -- Interest factor of rent expense 370 684 1,028 365 374 497 677 1,038 ---------- -------- -------- -------- -------- -------- -------- -------- Total fixed charges 11,278 17,947 22,117 2,601 2,270 11,824 17,940 22,127 ---------- -------- -------- -------- -------- -------- -------- -------- Total earnings before fixed charges 9,704 10,865 8,783 9,755 13,713 (49,852) 18,298 16,133 ---------- -------- -------- -------- -------- -------- -------- -------- Ratio of earnings to fixed charges -- -- -- 3.8 6.0 -- 1.0 -- Deficiency of earnings to cover fixed charges (1,574) (7,082) (13,334) -- -- (61,676) -- (5,994)
Ratio of Earnings to Fixed Charges and Preferred Dividends
River Holding Corp. Hudson Respiratory Care Inc. ------------------------------ ----------------------------------------------- Inception to Dec 25, 1998 1999 2000 1996 1997 1998 1999 2000 ---------- -------- -------- -------- -------- -------- -------- -------- Earnings: Pre-tax income (1,574) (7,082) (13,334) 7,154 11,443 (61,676) 358 (5,994) Fixed Charges Interest expense 10,273 17,263 21,089 2,177 1,834 11,327 17,263 21,089 Amortization of debt expense 635 -- -- 59 62 -- -- -- Interest factor of rent expense 370 684 1,028 365 377 502 684 1,028 Preferred stock dividend expense 4,187 6,515 7,733 -- -- 4,187 6,518 7,733 ---------- -------- -------- -------- -------- -------- -------- -------- Total fixed charges 15,465 24,462 29,850 2,601 2,273 16,016 24,465 29,850 ---------- -------- -------- -------- -------- -------- -------- -------- Total earnings before fixed charges 13,891 17,380 16,516 9,759 13,716 (45,660) 24,823 23,856 ---------- -------- -------- -------- -------- -------- -------- -------- Ratio of earnings to fixed charges -- -- -- 3.8 6.0 -- -- -- Deficiency of earnings to cover fixed charges (5,761) (13,597) (21,067) -- -- (65,863) (6,160) (13,727)
Computation of Interest Factor of Rental
River Holding Corp. Hudson Respiratory Care Inc. ------------------------------ ------------------------------------------ Inception to Dec 25, 1998 1999 2000 1996 1997 1998 1999 2000 ---------- ------ ------ ----- ----- ----- ------ ------- Operating rental expense 1,110 2,052 3,115 1,106 1,132 1,506 2,052 3,115 Interest factor 33% 33% 33% 33% 33% 33% 33% 33% ---------- ------ ------ ----- ----- ----- ------ ------- Total 366 677 1,028 365 374 497 677 1,028 ---------- ------ ------ ----- ----- ----- ------ -------
Computation of Preferred Stock Expense
River Holding Corp. Hudson Respiratory Care Inc. ------------------------------ ------------------------------------------ Inception to Dec 25, 1998 1999 2000 1996 1997 1998 1999 2000 ---------- ------ ------ ------ ------ ----- ------ ------ Preferred dividend stock expense 2,512 3,911 4,640 -- -- 2,512 3,911 4,640 Tax effect (1.00 - 0.40) 60% 60% 60% 60% 60% 60% 60% 60% ---------- ------ ------ ----- ----- ----- ------ ------- Total 4,187 6,518 7,733 -- -- 4,187 6,518 7,733 ---------- ------ ------ ----- ----- ----- ------ -------