EX-12 12 c82120exv12.htm EXHIBIT 12 Exhibit 12
Exhibit 12
Chesapeake Utilities Corporation
Ratio of Earnings to Fixed Charges
                                         
For the Years Ended December 31,   2008     2007     2006     2005     2004  
 
                                        
Income from continuing operations
   $ 13,607,259     $ 13,217,787     $ 10,747,965     $ 10,698,811     $ 9,686,449  
Add:
                                        
Income taxes
     8,817,162       8,597,461       6,999,072       6,472,220       5,771,333  
Portion of rents representative of interest factor
     293,207       245,399       226,583       278,846       309,446  
Interest on indebtedness
     6,110,331       6,539,004       5,721,912       5,076,666       5,145,243  
Amortization of debt discount and expense
     47,221       50,635       52,081       55,792       61,421  
 
                              
Earnings as adjusted
   $ 28,875,180     $ 28,650,286     $ 23,747,613     $ 22,582,335     $ 20,973,892  
 
                              
 
                                        
Fixed Charges
                                        
Portion of rents representative of interest factor
   $ 293,207     $ 245,399     $ 226,583     $ 278,846     $ 309,446  
Interest on indebtedness
     6,110,331       6,539,004       5,721,912       5,076,666       5,145,243  
Amortization of debt discount and expense
     47,221       50,635       52,081       55,792       61,421  
 
                              
Fixed Charges
   $ 6,450,759     $ 6,835,038     $ 6,000,576     $ 5,411,304     $ 5,516,110  
 
                              
 
                                        
Ratio of Earnings to Fixed Charges
     4.48       4.19       3.96       4.17       3.80