EX-12.1 8 y56279ex12-1.txt STATEMENT RE: COMPUTATION OF RATIOS Exhibit 12.1 JEFFERIES GROUP, INC. CALCULATION OF FIXED CHARGE COVERAGE RATIO
------------------------------------------------------------------------------------------------------------------------------------ 2001 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- ---- 9 months ended Sept. 28, 2001 FIXED CHARGES: Long term debt interest expense(1) 9,026,125 12,034,500 12,034,500 12,034,500 7,333,578 5,234,877 Interest portion of rent expense (1/3 of rent expense) 3,434,333 4,178,333 3,108,667 2,431,667 1,914,000 1,386,333 ---------------------------------------------------------------------------- Total fixed charges 12,460,458 16,212,833 15,143,167 14,466,167 9,247,578 6,621,211 EARNINGS BEFORE INCOME TAXES AND FIXED CHARGES: Earnings before income taxes 74,094,000 95,393,000 84,095,000 59,193,000 68,690,000 42,186,000 Total fixed charges 12,460,458 16,212,833 15,143,167 14,466,167 9,247,578 6,621,211 ---------------------------------------------------------------------------- 86,554,458 111,605,833 99,238,167 73,659,167 77,937,578 48,807,211 FIXED CHARGE COVERAGE RATIO 6.9 6.9 6.6 5.1 8.4 7.4 ------------------------------------------------------------------------------------------------------------------------------------
(1) Represents total interest expense, excluding interest related to stock loans, interest credited to customers and other short term interest expense.