EX-12.1 2 eeft3312012ex121.htm RATIO OF EARNINGS TO FIXED CHARGES EEFT 3/31/2012 EX12.1


EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)


 
 
Three Months Ended
 
 
March 31,
(dollar amounts in thousands)
 
2012
 
2011
Pretax income before adjustment for income from unconsolidated subsidiaries
 
$
18,133

 
$
23,282

Add:
 
 
 
 
Fixed charges
 
7,592

 
6,564

Adjusted pretax income
 
$
25,725

 
$
29,846

Fixed charges:
 
 
 
 
Interest expense
 
$
5,480

 
$
5,335

Estimate of interest within rental expense
 
2,112

 
1,229

Total fixed charges
 
$
7,592

 
$
6,564

Ratio of earnings to fixed charges
 
3.4

 
4.5