Attached files
| file | filename |
|---|---|
| 10-K - Energy XXI Ltd | v193275_10k.htm |
| EX-32.1 - Energy XXI Ltd | v193275_ex32-1.htm |
| EX-32.2 - Energy XXI Ltd | v193275_ex32-2.htm |
| EX-21.1 - Energy XXI Ltd | v193275_ex21-1.htm |
| EX-31.1 - Energy XXI Ltd | v193275_ex31-1.htm |
| EX-23.2 - Energy XXI Ltd | v193275_ex23-2.htm |
| EX-99.1 - Energy XXI Ltd | v193275_ex99-1.htm |
| EX-31.2 - Energy XXI Ltd | v193275_ex31-2.htm |
| EX-23.1 - Energy XXI Ltd | v193275_ex23-1.htm |
| EX-10.38 - Energy XXI Ltd | v193275_ex10-38.htm |
Exhibit 12.1
RATIO
OF EARNINGS TO FIXED CHARGES
CONSOLIDATED
ENERGY XXI GULF COAST, INC.
The
following table sets forth our historical consolidated ratio of earnings to
fixed charges for the periods shown:
|
Year
Ended June 30,
|
||||||||||||
|
2010
|
2009
|
2008
|
||||||||||
|
(Unaudited)
|
||||||||||||
|
RATIO
OF EARNINGS (LOSS) TO
FIXED
CHARGES
|
1.46x
|
-
|
1.45x
|
|||||||||
For
purposes of computing the ratio of earnings (loss) to fixed charges, earnings
(loss) is defined as pre-tax income (loss) plus fixed charges. Fixed
charges consist of interest expense and amortization of deferred financing
fees.
For
the year ended June 30, 2009 earnings were inadequate to cover fixed
charges and therefore has not been
presented for this period. The coverage deficiency necessary for the ratio
of earnings to fixed charges to equal 1.00x (one-to-one coverage) was $604.2
million.
|
Year
Ended June 30,
|
||||||||||||
|
2010
|
2009
|
2008
|
||||||||||
|
|
(Dollars
in Thousands) (Unaudited)
|
|||||||||||
|
Earnings
(Loss):
|
||||||||||||
|
Pre-Tax
Income (Loss)
|
$ | 42,449 | $ | (604,213 | ) | $ | 46,233 | |||||
|
Fixed
Charges
|
92,838 | 94,019 | 101,655 | |||||||||
|
Total
Earnings (Loss)
|
135,287 | (510,194 | ) | 147,888 | ||||||||
|
Fixed
Charges:
|
||||||||||||
|
Interest
expense
|
85,032 | 88,774 | 97,469 | |||||||||
|
Deferred
financing fees
|
7,806 | 5,245 | 4,186 | |||||||||
|
Total
Fixed Charges
|
92,838 | 94,019 | 101,655 | |||||||||
|
Ratio
of Earnings to Fixed Charges
|
1.46 | - | 1.45 | |||||||||