EX-12.1 12 a04-3022_1ex12d1.htm EX-12.1

Exhibit 12.1

 

DeCrane Aircraft Holdings, Inc.

 

Computation of Earnings to Fixed Charges Ratios

 

 

 

Year Ended December 31,

 

(Dollars in thousands)

 

2003

 

2002

 

2001

 

2000

 

1999

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before provision for income taxes, cumulative effect of change in accounting principle and extraordinary item

 

$

(66,434

)

$

(10,383

)

$

(21,481

)

$

9,936

 

$

(8,050

)

Fixed charges

 

27,188

 

26,403

 

30,638

 

28,212

 

16,622

 

Total earnings (loss)

 

$

(39,246

)

$

16,020

 

$

9,157

 

$

38,148

 

$

8,572

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt discounts and issuance costs (1)

 

$

26,219

 

$

25,376

 

$

29,645

 

$

27,181

 

$

15,889

 

Interest component of rentals (2)

 

969

 

1,027

 

993

 

1,031

 

733

 

Total fixed charges

 

$

27,188

 

$

26,403

 

$

30,638

 

$

28,212

 

$

16,622

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Ratio

 

—

 

—

 

—

 

1.4

x

—

 

Deficiency

 

$

66,434

 

$

10,383

 

$

21,481

 

$

—

 

$

8,050

 

 

(1)       None capitalized.

(2)       Reflects one-third of rental expense under operating leases considered to represent interest costs.