EX-12.1 2 ex12-1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Exhibit 12.1


BEL FUSE INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
   
Year ended December 31,
  
   
2015
    
2014
    
2013
    
2012
    
2011
  
       
(Revised)
              
Earnings:
                    
Earnings before provision for income taxes
  
$
25,732
    
$
9,770
    
$
15,165
    
$
997
    
$
7,872
  
Fixed charges
    
10,501
      
6,471
      
1,789
      
1,149
      
1,100
  
Total earnings
    
36,233
      
16,241
      
16,954
      
2,146
      
8,972
  
                                         
                                         
Fixed Charges:
                                        
Interest expense
    
7,588
      
3,978
      
156
      
16
      
-
  
Estimate of interest within rental expense (a)
    
2,913
      
2,493
      
1,633
      
1,133
      
1,100
  
Total fixed charges
    
10,501
      
6,471
      
1,789
      
1,149
      
1,100
  
                                         
Ratio of earnings to fixed charges
    
3.45
      
2.51
      
9.48
      
1.87
      
8.16
  

(a)  
Estimate of interest within rental expense has been deemed to be approximately 33% of rental expense.