EX-12.1 6 utahmedexh121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES utahmedexh121.htm


Exhibit 12.1
 

Utah Medical Products, Inc.
Exhibit 12 to Registration Statement on Form S-3
Calculation of ratio of earnings to fixed charges pursuant to Item 503(d) of Regulation S-K
 
      Three months                                
      ended        Year ended December 31,
   
31-Mar-12
   
2011
   
2010
   
2009
   
2008
   
2007
 
Fixed charges
                                   
(a) interest expensed and capitalized
  $ 188,527     $ 859,366     $ 25,077     $ 51,088     $ 198,154     $ 270,315  
(b)  amortized premiums, discounts and caaitalized expenses related to indebtedness
    -       -       -       -       -       -  
(c) estimated interest within rental expense
    38,739       73,390       30,956       56,204       57,122       56,048  
(d)  preference security dividend requirements of subsidiaries
    -       -       -       -       -       -  
      Total fixed charges
  $ 227,266     $ 932,756     $ 56,033     $ 107,292     $ 255,276     $ 326,363  
                                                 
Earnings
                                               
Total of:
                                               
(a)  Pretax income from continuing operations:
  $ 3,936,829     $ 11,079,889     $ 9,040,579     $ 9,579,656     $ 10,776,683     $ 12,038,193  
(b)  fixed charges
    227,266       932,756       56,033       107,292       255,276       326,363  
(c)  amortization of capitalized interest
    -       -       -       -       -       -  
(d)  distrubuted income of equity investees
    -       -       -       -       -       -  
(e)  issuer's share of of pre-tax losses of equity investees
    -       -       -       -       -       -  
      4,164,095       12,012,645       9,096,612       9,686,948       11,031,959       12,364,556  
Less:
                                               
(a)  interest capitalized
    -       -       -       -       -       -  
(b)  preference security dividend requiremtns of consolidated subsidiaries
    -       -       -       -       -       -  
(c)  minority interest in pre-tax income of subsidiaries that have not incurred fixed charges
    -       -       -       -       -       -  
      -       -       -       -       -       -  
      Total Earnings
  $ 4,164,095     $ 12,012,645     $ 9,096,612     $ 9,686,948     $ 11,031,959     $ 12,364,556  
                                                 
                                                 
Ratio of earnings to fixed charges
    18.3       12.9       162.3       90.3       43.2       37.9