EX-12.1 4 a2233538zex-12_1.htm EX-12.1

Exhibit 12.1

 

TABULA RASA HEALTHCARE, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(IN THOUSANDS, EXCEPT RATIOS)

 

 

 

Six Months Ended

 

Fiscal Year Ended December 31,

 

 

 

June 30, 2017

 

2016

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Earnings (Loss):

 

 

 

 

 

 

 

 

 

Net loss before income taxes

 

$

(4,085

)

$

(5,709

)

$

(2,536

)

$

(1,516

)

Add: Fixed charges

 

456

 

4,935

 

6,124

 

1,529

 

Earnings (loss)

 

$

(3,629

)

$

(774

)

$

3,588

 

$

13

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

Interest expensed on short-term borrowings and long-term debt

 

$

107

 

$

3,209

 

$

3,767

 

$

1,095

 

Amortization of deferred financing costs and debt discounts

 

46

 

1,279

 

2,148

 

259

 

Estimate of interest within rent expense(1)

 

303

 

447

 

209

 

175

 

Total fixed charges

 

$

456

 

$

4,935

 

$

6,124

 

$

1,529

 

 

 

 

 

 

 

 

 

 

 

Fixed charges and fixed charge ratio

 

 

 

 

 

 

 

 

 

Earnings (deficiency) to fixed charges

 

$

(4,085

)

$

(5,709

)

$

(2,536

)

$

(1,516

)

Ratio of earnings (loss) to fixed charges

 

N/A

 

N/A

 

N/A

 

N/A

 

 

(1)  Estimate of interest within rent expense is calculated under the assumption that one-third of rent expense is representative of interest costs which is a reasonable approximation of the interest factor.