EX-12 3 exhibit12.htm COMPUTATION OF RATIOS

Exhibit 12.1

 

 

 

 

 

Ratio of Earnings to Combined Fixed Charges

And Preferred Stock Dividends

Almost Family, Inc.

 

 

 

 

Three Months

 

Year Ended December 31,

Ended

 

2002

2003

2004

2005

2006

March 31, 2007

EARNINGS

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations

$2,444,604

$1,133,798

$2,820,340

$4,356,881

$7,091,556

$2,855,482

 

 

 

 

 

 

 

Plus: fixed charges

996,625

997,257

611,112

617,497

680,923

417,163

 

 

 

 

 

 

 

Earnings

$3,441,229

$2,131,055

$3,431,452

$4,974,378

$7,772,479

$3,272,645

 

 

 

 

 

 

 

FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest including amortization of debt issuance expense

$621,097

$645,536

$270,842

$245,376

$223,171

$255,708

 

 

 

 

 

 

 

Interest portion of rental expense

375,528

351,721

340,270

372,121

457,751

161,454

 

 

 

 

 

 

 

Fixed Charges

$996,625

$997,257

$611,112

$617,497

$680,922

$417,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (1)

3.5

2.1

5.6

8.1

11.4

7.8

 

 

 

 

 

 

 

 


(1)

For purposes of computing the ratio of earnings to fixed charges, (a) earnings consist of pretax income from continuing operations plus fixed charges and (b) fixed charges consist of interest expense including the amortization of debt issuance expense and the interest portion of rental expense.