Attached files
EXHIBIT 12.1
UTi WORLDWIDE INC.
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
Year ended January 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Pre-tax income from continuing operations (net of
minority interest in net income) |
$ | 69,928 | $ | 7,488 | $ | 139,280 | $ | 138,655 | $ | 94,329 | ||||||||||
Add fixed charges computed below |
59,305 | 81,005 | 70,524 | 57,514 | 36,280 | |||||||||||||||
Minus capitalized interest |
(1,379 | ) | (1,558 | ) | | | | |||||||||||||
Consolidated earnings available for Fixed Charges |
$ | 127,854 | $ | 86,935 | $ | 209,804 | $ | 196,169 | $ | 130,609 | ||||||||||
Consolidated Fixed Charges |
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Interest expense per financial statements |
$ | 22,942 | $ | 30,560 | $ | 26,804 | $ | 23,376 | $ | 9,060 | ||||||||||
Portion of rentals (1/3) representing an interest factor |
36,363 | 50,445 | 43,720 | 34,138 | 27,220 | |||||||||||||||
Consolidated Fixed Charges |
$ | 59,305 | $ | 81,005 | $ | 70,524 | $ | 57,514 | $ | 36,280 | ||||||||||
Consolidated Ratio of Earnings to Fixed Charges |
2.2 | x | 1.1 | x | 3.0 | x | 3.4 | x | 3.6 | x | ||||||||||