EX-12.1 3 c34361exv12w1.htm EXHIBIT 12.1 Exhibit 12.1
EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
                                 
    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
(dollar amounts in thousands)   2008     2007     2008     2007  
Pretax income from continuing operations before adjustment for minority interest or income from unconsolidated subsidiaries
   $ 11,626     $ 12,977     $ 17,229     $ 26,049  
Add:
                                
Fixed charges
     7,191       8,600       15,087       12,674  
Dividends received
     262       —       262       1,270  
 
                        
 
Adjusted pretax income
   $ 19,079     $ 21,577     $ 32,578     $ 39,993  
 
                        
 
                                
Fixed charges:
                                
Interest expense
   $ 6,037     $ 7,769     $ 12,893     $ 11,301  
Estimate of interest within rental expense
     1,154       831       2,194       1,373  
 
                        
 
Total fixed charges
   $ 7,191     $ 8,600     $ 15,087     $ 12,674  
 
                        
 
Ratio of earnings to fixed charges
     2.7       2.5       2.2       3.2