EX-12 3 ex12.txt EXHIBIT 12 1 ADVANCED LIGHTING TECHNOLOGIES, INC. EXHIBIT 12 -- STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In thousands) THREE MONTHS ENDED NINE MONTHS ENDED MARCH 31, MARCH 31, ------------------- ----------------- 2000 1999 2000 1999 ---- ---- ---- ---- Consolidated pretax income from continuing operations $ 1,268 $ (9,344) $ 1,805 $(45,354) Interest expense 3,580 3,809 10,693 9,990 Interest portion of rent expense 126 126 405 429 -------- --------- -------- --------- EARNINGS $ 4,974 $ (5,409) $ 12,903 $(34,935) ======== ========= ======== ========= Interest expense $ 3,580 $ 3,809 $ 10,693 $ 9,990 Interest capitalized 94 90 290 548 Interest portion of rent expense 126 126 405 429 Preferred shares accretion 605 -- 1,208 -- -------- --------- -------- --------- FIXED CHARGES $ 4,405 $ 4,025 $ 12,596 $ 10,967 ======== ========= ======== ========= RATIO OF EARNINGS TO FIXED CHARGES 1.1 -- 1.0 -- ======== ========= ======== ========= For purposes of calculating the unaudited ratio of earnings to fixed charges, earnings consist of income (loss) from continuing operations before provision for income taxes plus fixed charges. Fixed charges consist of interest charges and amortization of debt issuance costs, whether expensed or capitalized, that portion of rental expense that is representative of interest, and preferred shares accretion. In the three months ended March 31, 1999, earnings were inadequate to cover fixed charge requirements by $9,434. In the nine months ended March 31, 1999, earnings were inadequate to cover fixed charge requirements by $45,902.