EX-12.1 2 ex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES ex121.htm
 
 
 
 
NEFF CORP. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)

   
Predecessor
      Successor  
   
2002
  
2003
  
2004
  
2005
  
2006
  
 Period
January 1, 2007
to
May 31, 2007
    
 Period
June 1, 2007
to
December 31, 2007
  
Earnings:
                                
Pre-tax income (loss) from continuing operations
  
        (98,323
 ) 
         20,406
  
           6,029
  
        (13,040
 ) 
         30,057
  
(65,184
 )   
(93,490
 ) 
Fixed charges
  
         26,256
  
         23,163
  
         19,263
  
         39,655
  
         52,817
  
 21,968
    
39,751
  
       Total adjustments
  
         26,256
  
         23,163
  
         19,263
  
         39,655
  
         52,817
  
 21,968
    
39,751
  
Earnings available for fixed charges
  
                 -
  
         43,569
  
         25,292
  
                 -
  
         82,874
  
-
    
-
  
                                 
Fixed charges:
                                
Amortization of debt issue costs
  
           1,992
  
           2,659
  
           1,950
  
           6,692
  
           2,087
  
 900
    
2,439
  
Interest expense
  
         24,264
  
         20,504
  
         17,313
  
         32,963
  
         50,730
  
 21,068
    
37,312
  
       Total fixed charges
  
         26,256
  
         23,163
  
         19,263
  
         39,655
  
         52,817
  
 21,968
    
39,751
  
Ratio of earnings to fixed charges
  
 n/a
  
               1.9
 
               1.3
 
 n/a
  
               1.6
 
 n/a
    
 n/a
 
Deficiency of earnings to cover fixed charges
  
        (98,323
 ) 
 n/a
  
 n/a
  
        (13,040
 ) 
 n/a
  
 (65,184
 )   
(93,490
 )