EX-12.1 2 din-12312016x10kxex121.htm COMPUTATION OF RATIOS Exhibit


Exhibit 12.1
DINEEQUITY, INC.
Computation of Leverage Ratio and Debt Service Coverage Ratio
for the Trailing Twelve Months Ended December 31, 2016

(In thousands, except ratios)
Leverage Ratio Calculation:
 
Indebtedness, net (1)
$
1,272,241

Covenant Adjusted EBITDA(1)
275,289

Leverage Ratio
4.62

Debt Service Coverage Ratio (DSCR) Calculation:
 
Net Cash Flow (1)
$
290,045

Debt Service (1)
56,691

DSCR
5.12


(1) 
Definitions of all components used in calculating the above ratios are found in the Base Indenture and the related Series 2014-1 Supplement to the Base Indenture, dated September 30, 2014, filed as Exhibits 4.1 and 4.2, respectively, to our Current Report on Form 8-K filed on October 3, 2014.