EX-12.1 3 d262895dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of earnings to fixed charges

Exhibit 12.1

Volcano Corporation

Computation of Earnings to Fixed Charges Ratio

(Unaudited—in thousands)

 

     Years Ended December 31,  
     2011      2010      2009     2008     2007  

Earnings (losses)

             

Income (loss) before income taxes

    $ 18,103       $ 7,327       $ (27,767 )    $ (13,085 )    $ (26,052 ) 

Fixed charges

      10,269         4,330         1,895        1,208        996   

Less: capitalized interest

      1,190         —           —          —          —     
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Total

      27,182         11,657         (25,872 )      (11,877 )      (25,056 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Fixed Charges

             
Interest expense on indebtedness and
amortization of deferred financing costs		    $ 7,980       $ 2,192       $ 5      $ 113      $ 199   

Interest component of rentals (1)

      2,289         2,138         1,890        1,095        797   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Total

      10,269         4,330         1,895        1,208        996   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

Ratio of earnings to fixed charges

      2.65         2.69         (13.65 )      (9.83 )      (25.16 ) 
Excess (deficiency) of earnings available to
cover fixed charges		    $ 16,913       $ 7,327       $ (27,767 )    $ (13,085 )    $ (26,052 ) 
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

  

 

(1) Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness.