EX-12 3 cmw1677b.htm COMPUTATION OF RATIOS

Gehl Company
Fixed Charge Coverage Ratio
Years Ended 2000 - Q2 2005

Six Months
Ended
July 2,
2005

2005 Q2
2005 Q1
2004
2003
2002
2001
2000
Income before income taxes      15,978    8,518    7,460    19,985    3,354    1,605    3,546    14,856  
  + Interest Expense    3,017    1,577    1,440    2,838    3,648    4,052    4,299    4,741  








Total A    18,995    10,095    8,900    22,823    7,002    5,657    7,845    19,597  


Interest Expense
    3,017    1,577    1,440    2,838    3,648    4,052    4,299    4,741  
  + Est. interest w/in rental expense    64    32    32    104    87    77    72    53  








Total B    3,081    1,609    1,472    2,942    3,735    4,129    4,371    4,794  


Fixed Charge Coverage Ratio Calculation
  
   Total A    18,995    10,095    8,900    22,823    7,002    5,657    7,845    19,597  
   Total B    3,081    1,609    1,472    2,942    3,735    4,129    4,371    4,794  

Fixed Charge Coverage Ratio
    6.17    6.28    6.05    7.76    1.87    1.37    1.79    4.09