US ECOLOGY, INC. - FORM 10-K - EX-12.1 - March 2, 2015

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Exhibit 12.1

Ratio of Earnings to Fixed Charges
(Unaudited)

 
   For the Year Ended December 31,  
$s in thousands
  2014   2013   2012   2011   2010  

Earnings (as defined):

                                

Earnings before income taxes

   $ 61,050   $ 50,147   $ 41,718   $ 29,807   $ 22,186  

Fixed charges

     10,732     856     900     1,635     368  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings

   $ 71,782   $ 51,003   $ 42,618   $ 31,442   $ 22,554  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed charges (as defined):

                                

Interest expense

   $ 10,677   $ 828   $ 878   $ 1,604   $ 320  

Estimated interest within rental expense

     55     28     22     31     48  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fixed charges

   $ 10,732   $ 856   $ 900   $ 1,635   $ 368  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
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Ratio of earnings to fixed charges

     6.7     59.6     47.3     19.2     61.2  
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Ratio of Earnings to Fixed Charges (Unaudited)

US ECOLOGY, INC. Reports