EX-12.1 4 dex121.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 Computation of Ratio of Earnings to Fixed Charges (Dollars in Thousands)
American Seafoods Holdings LLC American Seafoods and Subsidiaries Corporation ------------------------------ ----------------- Pro Forma ----------------- Year Ended December 31, Year Ended ------------------------------ December 31, 2001 2002 2003 2003 ------ ------ ------ ----------------- Earnings (as calculated below) 53,102 62,568 59,364 59,076 Divided by Fixed Charges consisting of interest expense...................... 35,093 39,957 45,037 54,584 ------ ------ ------ ------ Ratio of earnings to fixed charges...................... 1.51 1.57 1.32 1.08 Calculation of Earnings: Income before income taxes.... 18,180 23,012 14,148 4,313 Minority Interest............. (171) (401) 179 179 Plus: Fixed charges consisting of interest expense...................... 35,093 39,957 45,037 54,584 ------- ------ ------ ------ 53,102 62,568 59,364 59,076 ======= ====== ====== ======