EX-12.1 5 c51068exv12w1.htm EX-12.1 exv12w1
EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
                 
    Three Months Ended  
    March 31,  
(dollar amounts in thousands)   2009     2008  
Pretax income (loss) from continuing operations before adjustment for income from unconsolidated subsidiaries
  $ (7,094 )   $ 2,571  
Add:
               
Fixed charges
    8,279       10,928  
 
           
 
               
Adjusted pretax income
  $ 1,185     $ 13,499  
 
           
 
               
Fixed charges:
               
Interest expense
  $ 7,067     $ 9,888  
Estimate of interest within rental expense
    1,212       1,040  
 
           
 
               
Total fixed charges
  $ 8,279     $ 10,928  
 
           
 
               
Ratio of earnings to fixed charges
    (1 )     1.2  
 
(1)   Adjusted pretax income was inadequate to cover fixed charges by $7.1 million for the three months ended March 31, 2009.