EX-12 11 cmw1501j.htm COMPUTATION OF RATIOS

Gehl Company
Fixed Charge Coverage Ratio
Years Ended 2000 — Q1 2005

2005 Q1
 2004
 2003
 2002
 2001
 2000
Income before income taxes      7,460    19,985    3,354    1,605    3,546    14,856  
  + Interest Expense    1,440    2,838    3,648    4,052    4,299    4,741  
Total A    8,900    22,823    7,002    5,657    7,845    19,597  
Interest Expense    1,440    2,838    3,648    4,052    4,299    4,741  
  + Est. interest w/in rental expense    32    104    87    77    72    53  
Total B    1,472    2,942    3,735    4,129    4,371    4,794  
Fixed Charge Coverage Ratio Calculation  
   Total A    8,900    22,823    7,002    5,657    7,845    19,597  
   Total B    1,472    2,942    3,735    4,129    4,371    4,794  
             
Fixed Charge Coverage Ratio    6.05    7.76    1.87    1.37    1.79    4.09