EX-12.1 2 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 --------------------------------- Three Months Three Months Year Ended December 31, Ended March 31, Year Ended Ended ---------------------------- ----------------- December 31, March 31, 2001 2002 2003 2003 2004 2003 2004 ------ ------ ------ ------- ------- -------------- ------------- Earnings (as calculated below) 53,102 62,568 59,364 33,241 32,271 59,076 32,201 Divided by Fixed Charges consisting of interest expense...................... 35,093 39,957 45,037 10,735 11,235 50,164 12,541 ------ ------ ------ ------ ------ ------ ------ Ratio of earnings to fixed charges...................... 1.51 1.57 1.32 3.10 2.87 1.18 2.57 Calculation of Earnings: Income before income taxes.... 18,180 23,012 14,148 22,455 21,036 8,733 19,660 Minority Interest............. (171) (401) 179 51 -- 179 -- Plus: Fixed charges consisting of interest expense...................... 35,093 39,957 45,037 10,735 11,235 50,164 12,541 ------- ------ ------ ------ ------ ------ ------- 53,102 62,568 59,364 33,241 32,271 59,076 32,201 ======= ====== ====== ====== ====== ====== =======