EX-12.1 2 0002.txt COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES EXHIBIT 12.1 HANOVER COMPRESSOR COMPANY COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS (Amounts in thousands of dollars)
Year Ended December 31, ------------------------------------------------- 1999 1998 1997 1996 1995 -------- ------- ------- ------- ------- Earnings: Pretax income from continuing operations $63,586 $49,636 $28,685 $16,953 $ 8,099 Add: Interest on indebtedness and amortization of debt expense and discount 31,154 17,889 10,728 6,594 4,560 Interest component of rent expense 396 137 113 132 100 Equity in losses of joint ventures -- 137 342 -- -- ------- ------- ------- ------- ------- Earnings as adjusted 95,136 67,799 39,868 23,679 12,759 ------- ------- ------- ------- ------- Fixed charges: Interest on indebtedness and amortization of debt expense and discount 32,687 17,889 10,728 6,594 4,560 Interest component of rent expense 396 137 113 132 100 Preferred dividend requirements -- -- -- 11,560 2,167 ------- ------- ------- ------- ------- Fixed charges and preferred dividends 33,083 18,026 10,841 18,286 6,827 ------- ------- ------- ------- ------- Ratio of earnings to fixed charges 2.88 3.76 3.68 1.29 1.87 ======= ======= ======= ======= =======
HANOVER COMPRESSOR COMPANY COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Amounts in thousands of dollars)
Year Ended December 31, ------------------------------------------------- 1999 1998 1997 1996 1995 -------- ------- ------- ------- ------- Earnings: Pretax income from continuing operations $63,586 $49,636 $28,685 $16,953 $ 8,099 Add: Interest on indebtedness and amortization of debt expense and discount 31,154 17,889 10,728 6,594 4,560 Interest component of rent expense 396 137 113 132 100 Equity in losses of joint ventures -- 137 342 -- -- ------- ------- ------- ------- ------- Earnings as adjusted 95,136 67,799 39,868 23,679 12,759 ------- ------- ------- ------- ------- Fixed charges: Interest on indebtedness and amortization of debt expense and discount 32,687 17,889 10,728 6,594 4,560 Interest component of rent expense 396 137 113 132 100 ------- ------- ------- ------- ------- Fixed charges 33,083 18,026 10,841 6,726 4,660 ------- ------- ------- ------- ------- Ratio of earnings to fixed charges 2.88 3.76 3.68 3.52 2.74 ======= ======= ======= ======= =======