Intcomex, Inc. - FORM 10-K - EX-12.1 - CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 31, 2011

Attached files

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10-K - FORM 10-K - Intcomex, Inc.d10k.htm
EX-32.2 - CERTIFICATION BY PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 906 - Intcomex, Inc.dex322.htm
EX-31.2 - CERTIFICATION BY PRINCIPAL FINANCIAL OFFICER REQUIRED BY SECTION 302 - Intcomex, Inc.dex312.htm
EX-32.1 - CERTIFICATION BY PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 906 - Intcomex, Inc.dex321.htm
EX-31.1 - CERTIFICATION BY PRINCIPAL EXECUTIVE OFFICER REQUIRED BY SECTION 302 - Intcomex, Inc.dex311.htm
EX-21.1 - SUBSIDIARIES OF INTCOMEX, INC. - Intcomex, Inc.dex211.htm
EX-10.26 - PURCHASE AGREEMENT - Intcomex, Inc.dex1026.htm
EX-10.28 - AMENDMENT NO. 3 TO REVOLVING CREDIT AGREEMENT - Intcomex, Inc.dex1028.htm
EX-10.27 - INDEMNITY AGREEMENT LETTER - Intcomex, Inc.dex1027.htm

EXHIBIT 12.1

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth calculation of Intcomex, Inc.’s ratio of earnings to fixed charges for the periods presented:

 

     For the Years Ended December 31,  

(Dollars in thousands, except ratio data)

    2010     2009      2008     2007     2006     2005  

Earnings

              

+       Pretax (loss) income

    $ (2,257 )    $ 10,037       $ (33,723 )    $ 13,428      $ 17,957      $ 14,818   

+       Interest expense

      18,433        14,899         15,786        16,042        14,928        13,776   

+       Amortization of loan costs

      2,500        2,595         1,645        1,721        1,305        3,029   

+       Distributed income of equity investees

      —          —           —          —          —          —     

+       % share of equity investees guarantees

      —          —           —          —          —          —     

-        Interest capitalized

      —          —           —          —          —          —     

-        Preferred security dividends

      —          —           —          —          —          —     

-        Minority interest income

      —          —           —          —          —          —     
                                                 

Total earnings (loss)

    $ 18,676      $ 27,532       $ (16,292 )    $ 31,191      $ 34,190      $ 31,623   
                                                 

Fixed Charges

              

+       Interest expense

    $ 18,433      $ 14,899       $ 15,786      $ 16,042      $ 14,928      $ 13,776   

+       Amortization of deferred financing costs

      1,163        2,197         1,406        1,481        1,095        2,956   

+       Accretion of debt discount

      1,337        399         239        240        210        73   

+       Estimate of interest in rental expense

      125        325         415        480        356        247   
                                                 

Total fixed charges

    $ 21,058      $ 17,820       $ 17,846      $ 18,243      $ 16,589      $ 17,052   
                                                 

Ratio of earnings (loss) to fixed changes

    $ 18,676 (1)      1.5x       $ (16,292 )(1)      1.7 x      2.1 x      1.9 x 

 

(1) A ratio of less than one-to-one coverage requires the disclosure of the dollar amount of the deficiency.

Intcomex, Inc. Reports

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