EX-12.1 3 t1600925_ex12-1.htm EXHIBIT 12.1

 

EXHIBIT 12.1

Great Ajax Corp.

Statement of Computation of Ratio of Earnings to Fixed Charges

 

   Year ended
December 31, 2015		  Period from date of inception
(January 30, 2014) to
December 31, 2014
           
Pre-tax net income  $25,793   $3,752 
           
Less:          
 Equity earnings of subsidiaries   (550)   (50)
           
Add:          
  Fixed charges   11,499    771 
  Distributed earnings of subsidiaries   163    — 
      Total earnings  $36,905   $4,473 
           
Divided by:          
  Interest expense   (11,499)   (771)
      Total fixed charges  $(11,499)  $(771)
           
Ratio of earnings to fixed charges   3.21    5.80