EX-12.1 7 din-2017331x10qxex121.htm EXHIBIT 12.1 COMPUTATION OF RATIOS Exhibit


Exhibit 12.1
DINEEQUITY, INC.
Computation of Debt Service Coverage Ratio for the Trailing Twelve Months Ended March 31, 2017 and Leverage Ratio as of March 31, 2017.
(In thousands, except ratios)
Leverage Ratio Calculation:
 
Indebtedness, net (1)
$
1,277,595

Covenant Adjusted EBITDA(1)
265,550

Leverage Ratio
4.81

Debt Service Coverage Ratio (DSCR) Calculation:
 
Net Cash Flow (1)
$
281,530

Debt Service (1)
56,689

DSCR
4.97


(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.