Attached files
file | filename |
---|---|
EX-21 - ASPIRITY HOLDINGS LLC | ex21.htm |
EX-3.1 - ASPIRITY HOLDINGS LLC | ex3-1.htm |
EX-4.1 - ASPIRITY HOLDINGS LLC | ex4-1.htm |
EX-10.2 - ASPIRITY HOLDINGS LLC | ex10-2.htm |
EX-32.1 - ASPIRITY HOLDINGS LLC | ex32-1.htm |
EX-12.2 - ASPIRITY HOLDINGS LLC | ex12-2.htm |
EX-23.1 - ASPIRITY HOLDINGS LLC | ex23-1.htm |
EX-31.1 - ASPIRITY HOLDINGS LLC | ex31-1.htm |
EX-10.11 - ASPIRITY HOLDINGS LLC | ex10-11.htm |
EX-10.12 - ASPIRITY HOLDINGS LLC | ex10-12.htm |
10-K - ASPIRITY HOLDINGS LLC | form10-k.htm |
EX-31.2 - ASPIRITY HOLDINGS LLC | ex31-2.htm |
Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges
Aspirity Holdings LLC and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
For the Years Ended December 31, | ||||||||||||||||
2015 | 2014 | 2013 | 2012 | |||||||||||||
Earnings | ||||||||||||||||
Income (loss) before income taxes | $ | (4,809,043 | ) | $ | 3,779,184 | $ | 3,779,184 | $ | 2,140,139 | |||||||
+ Fixed Charges | 3,961,845 | 2,571,922 | 2,494,819 | 1,672,551 | ||||||||||||
= Earnings | $ | (847,198 | ) | $ | 6,351,106 | $ | 6,274,003 | $ | 3,812,690 | |||||||
Fixed Charges | ||||||||||||||||
Interest expense | $ | 3,568,707 | $ | 2,293,376 | $ | 2,293,376 | $ | 1,501,935 | ||||||||
+ Approximation of interest in rental expense (1) | 164,627 | 147,731 | 150,023 | 165,605 | ||||||||||||
+ Amortization of deferred financing costs (2) | 228,511 | 130,815 | 51,420 | 5,011 | ||||||||||||
= Fixed Charges | $ | 3,961,845 | $ | 2,571,922 | $ | 2,494,819 | $ | 1,672,551 | ||||||||
Ratio of Earnings to Fixed Charges | 0.21 | x | 2.47 | x | 2.51 | x | 2.28 | x |
1 - “Approximation of interest in rental expense” is equal to one-third of total operating lease rental expense as reported in the notes to the consolidated financial statements, with the remaining two-thirds considered to be depreciation. Total operating lease expense is as follows: |
Total lease expense | $ | 493,880 | $ | 443,193 | $ | 450,069 | $ | 496,816 |
2 - As reported in the notes to the consolidated financial statements. |