EX-12.1 4 dex121.htm STATEMENT RE: COMPUTATION OF RATIOS Statement re: Computation of Ratios
EXHIBIT 12.1
 
The following table sets forth the calculation of the Company’s ratio of earnings to fixed charges for the periods shown.
 
ANWORTH MORTGAGE ASSET CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
 
      
Nine Months Ended September 30, 2002
     
Year Ended December 31, 2001
     
Year Ended December 31, 2000
     
Year Ended December 31, 1999
     
Period from March 17, 1998 to December 31, 1998
RATIO OF EARNINGS TO FIXED CHARGES
                                   
Net income
     
19,905
     
3,706
     
1,261
     
1,209
     
885
Add: interest expense
     
18,590
     
6,363
     
8,674
     
7,892
     
7,378
      
    
    
    
    
Earnings as adjusted
     
38,495
     
10,069
     
9,935
     
9,101
     
8,263
Fixed charges (interest
expense)
     
18,590
     
6,363
     
8,674
     
7,892
     
7,378
      
    
    
    
    
Ratio of earnings to fixed charges
     
2.07
     
1.58
     
1.15
     
1.15
     
1.12