EX-12.1 5 dex121.txt STATEMENT REGARDING COMPUTATION OF RATIOS Exhibit 12.1 Jacobs Entertainment, Inc. Ratio of earnings to fixed charges For the years ended 1997-2001
For the Year Ended Six -------------------- Months Ended 1997 1998 1999 2000 2001 June 30, 2002 ----- ----- ----- ----- ------ --------------- Earnings: Pre-tax income from continuing operations $ 92 $1,276 $ 135 $(1,108) $ (45) $ 2,876 Add: Fixed charges 1,638 3,890 3,669 3,206 4,831 8,932 Add: Amortization of capitalized interest 10 12 32 32 32 -- Add: Distributed income of equity investees (1,068) (147) 2,468 2,500 6,208 -- ------- ------ ------ ------- ------- ------- Total Earnings $ 672 $5,031 $6,304 $ 4,630 $11,026 $11,808 ======= ====== ====== ======= ======= ======= Fixed Charges: Interest expense $ 278 $2,929 $2,905 $ 2,519 $ 4,230 $ 8,297 Interest capitalized 1,068 147 -- -- -- -- Amortization of capitalized expenses related to indebtedness -- 145 159 28 4 333 Estimated interest on rental expense 292 669 605 659 597 302 ------- ------ ------ ------- ------- ------- Total Fixed Charges $ 1,638 $3,890 $3,669 $ 3,206 $ 4,831 $ 8,932 ======= ====== ====== ======= ======= ======= Ratio of Earnings to Fixed Charges .41 1.30 1.72 1.44 2.28 1.3 ======= ====== ====== ======= ======= =======