EX-12.1 6 c56337exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
SXC HEALTH SOLUTIONS CORP.
Ratio of Earnings to Fixed Charges
(dollars in thousands)
                                         
    2009     2008     2007     2006     2005  
Earnings:
                                       
Income before income taxes
  $ 68,085     $ 20,304     $ 17,444     $ 16,343     $ 7,164  
Add fixed charges:
                                       
Interest expense (1)
    5,399       4,140       112       1,867       1,896  
Interest portion of consolidated rent expense (2)
    2,179       1,773       747       684       518  
 
                             
Adjusted earnings
  $ 75,663     $ 26,217     $ 18,303     $ 18,894     $ 9,578  
 
                             
 
                                       
Fixed charges:
                                       
Interest expense
  $ 5,399     $ 4,140     $ 112     $ 1,867     $ 1,896  
Interest portion of consolidated rent expense
    2,179       1,773       747       684       518  
 
                             
Total fixed charges
  $ 7,578     $ 5,913     $ 859     $ 2,551     $ 2,414  
 
                             
 
                                       
Ratio of earnings to fixed charges
    9.98       4.43       21.31       7.41       3.97  
 
(1)   Interest expense on income tax contingencies is not included in fixed charges
 
(2)   One third of rental expenses was used to represent the interest factor of rental expenses