EX-12.1 3 ex12_1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHGS ex12_1.htm
 
 
 

Exhibit 12.1
 
CPI AEROSTRUCTURES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


   
For the Six Months Ended June 30, 2009
    
For the Year Ended December 31, 2008
    
For the Year Ended December 31, 2007
    
For the Year Ended December 31, 2006
    
For the Year Ended December 31, 2005
    
For the Year Ended December 31, 2004
  
                                     
Pretax income (loss) from continuing operations
    $ 2,216,410      $ 3,853,613      $ 3,016,896      $ (1,922,006)      $ 2,657,433      $ 6,870,031  
                                                 
Fixed charges:
                                                
Interest Expense
     104,767       31,847       22,441       20,326       18,314       8,109  
                                                 
Total Earnings
     2,321,177       3,885,460       3,039,337       (1,901,680)       2,675,747       6,878,140  
                                                 
Ratio of earnings to fixed charges
     22.16       122.00       135.44    
(A)
       146.10       848.21  
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(A)
Due to losses from continuing operations resulting in a deficiency of $1,922,006, the ratio coverage was less than 1:1.