Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - AXT INC | Financial_Report.xls |
| EX-31.1 - EXHIBIT 31.1 - AXT INC | s000768x1_ex311.htm |
| EX-31.2 - EXHIBIT 31.2 - AXT INC | s000768x1_ex312.htm |
| EX-10.27 - EXHIBIT 10.27 - AXT INC | s000768x1_ex10-27.htm |
| EX-32.2 - EXHIBIT 32.2 - AXT INC | s000768x1_ex322.htm |
| EX-32.1 - EXHIBIT 32.1 - AXT INC | s000768x1_ex321.htm |
| EX-23.1 - EXHIBIT 23.1 - AXT INC | s000768x1_ex231.htm |
| EX-10.19 - EXHIBIT 10.19 - AXT INC | s000768x1_ex10-19.htm |
| 10-K - FORM 10-K - AXT INC | s000768x1_10k.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Fiscal Year Ended December 31, | ||||||||||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | ||||||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||||||||||
| Ratio of earnings to fixed charges | ||||||||||||||||||||||||||||
| Earnings: | ||||||||||||||||||||||||||||
| Earnings available for fixed charges | ($ | 38 | ) | ($ | 1,596 | ) | $ | 20,184 | $ | 27,473 | $ | 5,965 | ($ | 7,662 | ) | ($ | 2,854 | ) | ||||||||||
| Add: | ||||||||||||||||||||||||||||
| Fixed charges | 231 | 64 | 74 | — | 1 | 1 | — | |||||||||||||||||||||
| Total income/(loss) for computation of ratio | $ | 193 | ($ | 1,532 | ) | $ | 20,258 | $ | 27,473 | $ | 5,966 | ($ | 7,661 | ) | ($ | 2,854 | ) | |||||||||||
| Fixed charges: | ||||||||||||||||||||||||||||
| Total interest expense | $ | 193 | $ | 47 | $ | 57 | $ | 0 | $ | 1 | $ | 1 | $ | 0 | ||||||||||||||
| Interest factor in rents a | 38 | 17 | 17 | — | — | — | — | |||||||||||||||||||||
| Total fixed charges | $ | 231 | $ | 64 | $ | 74 | $ | 0 | $ | 1 | $ | 1 | $ | 0 | ||||||||||||||
| Ratio of earnings to fixed charges b | 0.84 | (23.94 | ) | 273.76 | NM | 5,966.00 | (7,661.00 | ) | NM | |||||||||||||||||||
(a) Interest component of rental expense is estimated based on interest on tenant improvement loan at 4%, which is considered a reasonable approximation of the interest factor.
(b) In 2009, earnings were weak from the global financial crisis. In 2011 and 2014, there were no fixed charge .
NM = ratio not meaningful