EX-12.1 7 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

AVIALL, INC.

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(Dollars In Thousands)

    2003
    2002
    2001
    2000
    1999

Pretax income (loss) from continuing operations

    $ 29,458    39,850    4,901    18,092    10,064
    
  
  
  
  

Fixed charges:

                           

Interest expense and preferred dividends

      24,239    29,177    11,173    8,691    3,580

Interest component of rental expense

      3,619    3,510    3,120    2,520    1,830
    
  
  
  
  

Total fixed charges

      27,858    32,687    14,293    11,211    5,410
    
  
  
  
  

Pretax income (loss) from continuing operations plus fixed charges less capitalized interest

    $ 57,284    72,526    18,823    29,211    15,467
    
  
  
  
  

Ratio of earnings to fixed charges

      2.1    2.2    1.3    2.6    2.9