Attached files
| file | filename |
|---|---|
| S-1/A - Corning Natural Gas Holding Corp | cnig_holding_Form_S-1.htm |
| EX-4 - Corning Natural Gas Holding Corp | exhibit4_4.htm |
| EX-5 - Corning Natural Gas Holding Corp | exhibit5_1.htm |
| EX-99 - Corning Natural Gas Holding Corp | exhibit99_5.htm |
| EX-99 - Corning Natural Gas Holding Corp | exhibit99_6.htm |
| EX-23 - Corning Natural Gas Holding Corp | exh23.1.htm |
| EX-8 - Corning Natural Gas Holding Corp | exhibit_8_1.htm |
| EX-99 - Corning Natural Gas Holding Corp | exhibit99_1.htm |
| EX-99 - Corning Natural Gas Holding Corp | exhibit99_3.htm |
| EX-99 - Corning Natural Gas Holding Corp | exhibit99_4.htm |
| EX-99 - Corning Natural Gas Holding Corp | exhibit99_2.htm |
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
| Fixed Charges | ||||||||||||||||
| 2013 | 2014 | 2015 | Three months ended December 31, 2015 | |||||||||||||
| Interest Expense | $935,273 | $841,177 | $917,818 | $251,955 | ||||||||||||
| Capitalized Interest | — | — | — | — | ||||||||||||
| Portion of Rental Income which represents interest factor | — | — | — | — | ||||||||||||
| Total Fixed Charges before preferred stock dividend | 935,273 | 841,177 | 917,818 | 251,955 | ||||||||||||
| Preferred stock dividend* | 436,572 | 436,572 | 436,572 | 109,143 | ||||||||||||
| Total Combined fixed charges and preferred stock dividend | $1,371,845 | $1,277,749 | $1,354,390 | $361,098 | ||||||||||||
| Earnings Available for Fixed Charges | ||||||||||||||||
| Pre-tax income (loss) | $2,703,233 | $3,485,427 | $2,969,217 | $729,533 | ||||||||||||
| Distributed equity income of affiliated companies | — | — | — | — | ||||||||||||
| Add: Fixed Charges | 935,273 | 841,177 | 917,818 | 251,955 | ||||||||||||
| Less: Capitalized Interest | — | — | — | — | ||||||||||||
| Less: Net income- noncontrolling interest | — | — | — | — | ||||||||||||
| Total Earnings available for fixed charges and preferred stock dividend | $3,638,506 | $4,326,604 | $3,887,035 | $981,488 | ||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividend | 2.65 | 3.39 | 2.87 | 2.72 | ||||||||||||
| * assumes 50% subscription of 6% Series A Cumulative Preferred Stock at $25.00 per share | ||||||||||||||||
| and 50% subscription of Series B Convertible Preferred Stock at $20.75 per share |
Computation of Preferred Stock Dividend Payments
| Dividend | ||||||||||||||||||||||||
| 50 | % | Payment | ||||||||||||||||||||||
| 6% Series A Cumulative Preferred Stock at $25.00 per share | 308,750 | 154,375 | 25.00 | 3,859,375 | 6.00 | % | 231,562 | |||||||||||||||||
| 4.80% Series B Convertible Preferred Stock at $20.75 per share | 411,666 | 205,833 | 20.75 | 4,271,035 | 4.80 | % | 205,010 | |||||||||||||||||
| 720,416 | 360,208 | 8,130,410 | 436,572 |