EX-12.1 27 dex121.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES. Calculation of ratio of earnings to fixed charges.

Exhibit 12.1

Ruth’s Hospitality Group, Inc.

Calculation of Ratio of Earnings to Fixed Charges

 

Ratio of Earnings to Fixed Charges (1)

(in millions of U.S. dollars except for ratios)

   Fiscal Year Ended     Fiscal Quarter
ended
3/29/2009
     12/26/2004    12/25/2005    12/31/2006    12/30/2007    12/28/2008    

Earnings (losses):

                

Net income (loss) before taxes

   $ 7.0    $ 15.8    $ 33.8    $ 26.7    $ (80.6 )    $ 4.7
                                          

Add

                

Fixed charges

     14.4      11.4      7.8      11.3      21.4        5.3
                                          

Earnings (losses) as defined

   $ 21.4    $ 27.2    $ 41.6    $ 38.0    $ (59.2 )    $ 10.0
                                          

Fixed charges:

                

Interest expense

   $ 10.3    $ 8.5    $ 2.9    $ 6.0    $ 10.3      $ 2.3

Estimated interest component of rent

     4.1      2.9      4.9      5.3      11.1        3.0
                                          

Total fixed charges

   $ 14.4    $ 11.4    $ 7.8    $ 11.3    $ 21.4      $ 5.3

Deficiency of earnings available to cover fixed charges (2)

     —        —        —        —        80.6        —  
                                          

Ratio of earnings to fixed charges

     1.5      2.4      5.3      3.4      —          1.9
                                          

Preference dividends

   $ 5.4    $ 3.7      —        —        —          —  
                                          

Ratio of earnings to combined fixed charges and preference dividends

     1.1      1.8      5.3      3.4      —          1.9
                                          

 

(1) For purposes of computing the ratios of earnings to fixed charges and earnings to combined fixed charges and preference dividends, “fixed charges” consist of interest expense and estimated interest component of rent, and “earnings” consist of net earnings (loss) from continuing operations applicable to common stock shareholders before income taxes plus fixed charges.

 

(2) Earnings were insufficient to cover combined fixed charges by $80.6 million in 2008.