DIN-12.31.2014-10K-Ex 12.1

EX-12.1 2 din-12312014x10kxex121.htm COMPUTATION OF RATIOS DIN-12.31.2014-10K-Ex 12.1

Exhibit 12.1

DINEEQUITY, INC.

Computation of Leverage Ratio and Debt Service Coverage Ratio

for the Trailing Twelve Months Ended December 31, 2014

(In thousands, except ratios)



Leverage Ratio Calculation:
Indebtedness, net ⁽¹⁾	$	1,326,586
Covenant Adjusted EBITDA⁽¹⁾	277,026
Leverage Ratio	4.8
Debt Service Coverage Ratio (DSCR) Calculation:
Net Cash Flow ⁽¹⁾	$	277,987
Debt Service ⁽¹⁾	56,727
DSCR	4.9


⁽¹⁾	Definitions of all components used in calculating the above ratios are found in the Base Indenture and the related Series 2014-1 Supplement to the Base Indenture, dated September 30, 2014, filed as Exhibits 4.1 and 4.2, respectively, to our Current Report on Form 8-K filed on October 3, 2014.