STATEMENT RE: COMPUTATION OF RATIO
Published on December 24, 2003
Exhibit 12.1
Computation of Ratio of Earnings
to Fixed
Charges
Emcore Corporation
Calculation of Ratio of Earnings
to Fixed
Charges
1999 | 2000 | 2001 | 2002 | 2003 | ||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest expense | $ | 1,617 | $ | 342 | $ | 3,240 | $ | 8,856 | $ | 8,288 | ||||||||||||
Amortized financing costs | — | — | 556 | 1,300 | 982 | |||||||||||||||||
Total fixed charges | 1,617 | 342 | 3,796 | 10,156 | 9,270 | |||||||||||||||||
Earnings: | ||||||||||||||||||||||
Net loss | (21,355 | ) | (25,485 | ) | (8,642 | ) | (129,761 | ) | (38,525 | ) | ||||||||||||
Equity in unconsolidated affiliates | 4,997 | 13,265 | 12,326 | 2,706 | 1,228 | |||||||||||||||||
Fixed charges | 1,617 | 342 | 3,796 | 10,156 | 9,270 | |||||||||||||||||
Total earnings | ($14,741 | ) | ($11,878 | ) | $ | 7,480 | ($116,899 | ) | ($28,027 | ) | ||||||||||||
Ratio of earnings to fixed charges | (9.12 | ) | (34.73 | ) | 1.97 | (11.51 | ) | (3.02 | ) | |||||||||||||
Total insufficiency | ($16,358 | ) | ($12,220 | ) | — | ($127,055 | ) | ($37,297 | ) | |||||||||||||