EX-12.1 2 jcap-20171231xex12_1.htm EXHIBIT 12.1 Exhibit 121

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS











 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

For the year ended December 31,



 

2017

 

 

2016

 

 

2015

Earnings:

 

 

 

 

 

 

 

 

Net income (loss)

$

 14,559 

 

$

 16,017 

 

$

 (2,943)

Add back:

 

 

 

 

 

 

 

 

Fixed charges

 

 1,059 

 

 

 564 

 

 

 58 

Distribution of income from investments in unconsolidated entities

 

 700 

 

 

 995 

 

 

 -

Less:

 

 

 

 

 

 

 

 

Equity in earnings from unconsolidated entities

 

 (2,263)

 

 

 (1,278)

 

 

 -

     Total earnings (loss) (A)

$

 14,055 

 

$

 16,298 

 

$

 (2,885)



 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest expense

$

 1,053 

 

$

 559 

 

$

 -

Portion of rent expense representative of interest factor

 

 6 

 

 

 5 

 

 

 58 

     Total fixed charges (B)

$

 1,059 

 

$

 564 

 

$

 58 

Preferred dividends

 

 1,456 

 

 

 996 

 

 

 -

     Total Fixed Charges and Preferred Dividends (C)

$

 2,515 

 

$

 1,560 

 

$

 58 



 

 

 

 

 

 

 

 

Ratio of earnings (loss) to fixed charges (A / B)

 

 13.27 

 

 

 28.90 

 

 

 (49.74)

Insufficient coverage (A - B)

 

n/a

 

 

n/a

 

$

 (2,943)



 

 

 

 

 

 

 

 

Ratio of earnings (loss) to fixed charges and preferred dividends (A / C)

 

 5.59 

 

 

 10.45 

 

 

 (49.74)

Insufficient coverage (A - C)

 

n/a

 

 

n/a

 

$

 (2,943)