EX-12.1 3 y53805ex12-1.htm EX-12.1 STMT. RE: COMP. OF RATIOS TO FIXED CHARGES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

THE GOLDMAN SACHS GROUP, INC. and SUBSIDIARIES

 
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
($ in millions)
                                   
Three Months Nine Months
Ended August Ended August
2001 2000 2001 2000
Net earnings
  $ 468     $ 824     $ 1,813     $ 2,466  
Add:
                               
 
Provision for taxes
    299       549       1,159       1,644  
 
Portion of rents representative of an interest factor
    27       22       111       55  
 
Interest expense on all indebtedness
    3,699       4,324       12,636       11,836  
     
     
     
     
 
Earnings, as adjusted
  $ 4,493     $ 5,719     $ 15,719     $ 16,001  
     
     
     
     
 
 
Fixed charges:
                               
 
Portion of rents representative of an interest factor
  $ 27     $ 22     $ 111     $ 55  
 
Interest expense on all indebtedness
    3,699       4,324       12,636       11,836  
     
     
     
     
 
Fixed charges
  $ 3,726     $ 4,346     $ 12,747     $ 11,891  
     
     
     
     
 
 
Ratio of earnings to fixed charges
    1.21 x     1.32 x     1.23 x     1.35 x