EX-12.1 2 jcap-20180331xex12_1.htm EXHIBIT 12.1 Exhibit 121

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS











 

 

 



 

 

 



 

Three months ended

 



 

March 31, 2018

 

Earnings:

 

 

 

Net income

$

 5,354 

 

Add back:

 

 

 

Fixed charges

 

 417 

 

Distribution of income from investments in unconsolidated entities

 

 201 

 

Less:

 

 

 

Equity in earnings from unconsolidated entities

 

 (550)

 

     Total earnings (A)

$

 5,422 

 



 

 

 

Fixed charges:

 

 

 

Interest expense

$

 416 

 

Portion of rent expense representative of interest factor

 

 1 

 

     Total fixed charges (B)

$

 417 

 

Preferred dividends

 

 3,595 

 

     Total Fixed Charges and Preferred Dividends (C)

$

 4,012 

 



 

 

 

Ratio of earnings to fixed charges (A / B)

 

 13.00 

 

Insufficient coverage (A - B)

 

n/a

 



 

 

 

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

 

 1.35 

 

Insufficient coverage (A - C)

 

n/a