EX-12.1 70 ex12-1.htm EXHIBIT 12.1 ex12-1.htm
Exhibit 12.1
 
ExamWorks Group, Inc.
Computation of Ratio of Earnings to Fixed Charges
 
   
For the year ended December 31,
  
   
2007
    
2008
    
2009
    
2010
    
2011
  
Loss before income taxes:
   $ (226 )   $ (3,606 )   $ (7,017 )   $ (8,522 )   $ (12,415 )
Fixed charges
     –       679       2,363       9,503       19,143  
Earnings
   $ (226 )   $ (2,972 )   $ (4,654 )   $ 981     $ 6,728  
                                         
Fixed charges:
                                        
Interest expense
   $ –     $ 462     $ 1,677     $ 7,316     $ 14,534  
Deferred financing cost amortization
     –       53       132       871       1,941  
Interest cost in rental expense     –       164       554       1,316       2,668  
    $ –     $ 679     $ 2,363     $ 9,503     $ 19,143  
                                         
Ratio of Earnings to Fixed Charges
     –       –       –       0.1       0.4  
Deficiency
     –     $ 3,606     $ 7,017       8,522       12,415  

(1) For the purposes of computing the ratio of earnings to fixed charges, earnings consist of loss before income taxes plus fixed charges. Fixed charges consist of interest costs, amortization of deferred financing costs and an estimate of the interest cost in rental expense.