EX-12.1 4 jcap-20180630xex12_1.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED

FIXED CHARGES AND PREFERRED STOCK DIVIDENDS











 

 

 



 

 

 



 

Six months ended

 



 

June 30, 2018

 

Earnings:

 

 

 

Net income

$

 16,151 

 

Add back:

 

 

 

Fixed charges

 

 1,057 

 

Distribution of income from investments in unconsolidated entities

 

 462 

 

Less:

 

 

 

Equity in earnings from unconsolidated entities

 

 (985)

 

     Total earnings (A)

$

 16,685 

 



 

 

 

Fixed charges:

 

 

 

Interest expense

$

 1,054 

 

Portion of rent expense representative of interest factor

 

 3 

 

     Total fixed charges (B)

$

 1,057 

 

Preferred dividends

 

 8,175 

 

     Total Fixed Charges and Preferred Dividends (C)

$

 9,232 

 



 

 

 

Ratio of earnings to fixed charges (A / B)

 

 15.79 

 

Insufficient coverage (A - B)

 

n/a

 



 

 

 

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

 

 1.81 

 

Insufficient coverage (A - C)

 

n/a