Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - HECLA MINING CO/DE/ | hl20161231_10k.htm |
| EX-95 - EXHIBIT 95 - HECLA MINING CO/DE/ | ex95.htm |
| EX-32.2 - EXHIBIT 32.2 - HECLA MINING CO/DE/ | ex32-2.htm |
| EX-32.1 - EXHIBIT 32.1 - HECLA MINING CO/DE/ | ex32-1.htm |
| EX-31.2 - EXHIBIT 31.2 - HECLA MINING CO/DE/ | ex31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - HECLA MINING CO/DE/ | ex31-1.htm |
| EX-23.2 - EXHIBIT 23.2 - HECLA MINING CO/DE/ | ex23-2.htm |
| EX-23.1 - EXHIBIT 23.1 - HECLA MINING CO/DE/ | ex23-1.htm |
| EX-21 - EXHIBIT 21 - HECLA MINING CO/DE/ | ex21.htm |
| EX-4.2(E) - EXHIBIT 4.2 (E) - HECLA MINING CO/DE/ | ex4-2e.htm |
EXHIBIT 12.1
Hecla Mining Company
Fixed Charge and Preferred Dividend Coverage Ratio Calculation
For the Years Ended December 31, 2016, 2015, 2014, 2013 and 2012
|
Year Ended December 31, |
||||||||||||||||||||
|
2016 |
2015 |
2014 |
2013 |
2012 |
||||||||||||||||
|
Net income (loss) before income taxes |
$ | 96,975 | $ | (30,658 |
) |
$ | 12,584 | $ | (34,925 |
) |
$ | 23,833 | ||||||||
|
Fixed charges: |
||||||||||||||||||||
|
Interest portion of rentals |
3,483 | 1,751 | 1,189 | 1,592 | 1,044 | |||||||||||||||
|
Total interest costs |
37,981 | 38,910 | 38,528 | 28,174 | 2,427 | |||||||||||||||
|
Total fixed charges |
41,464 | 40,661 | 39,717 | 29,766 | 3,471 | |||||||||||||||
|
Total earnings (loss) |
$ | 138,439 | $ | 10,003 | $ | 52,301 | $ | (5,159 |
) |
$ | 27,304 | |||||||||
|
Preferred stock dividend requirements |
$ | 552 | $ | 552 | $ | 552 | $ | 552 | $ | 552 | ||||||||||
|
Ratio of pre-tax income (loss) to net income (loss) |
$ | 1.39 | $ | 2.84 | $ | 0.71 | $ | 0.72 | $ | 1.59 | ||||||||||
|
Preferred stock dividend factor |
$ | 767 | $ | 1,568 | $ | 552 | $ | 552 | $ | 878 | ||||||||||
|
Ratio of earnings to fixed charges |
3.3 | (na) | 1.3 | (na) | 7.9 | |||||||||||||||
|
Ratio of earnings to fixed charges and preferred dividends |
3.3 | (na) | 1.3 | (na) | 6.3 | |||||||||||||||
|
Coverage deficit: |
||||||||||||||||||||
|
On fixed charges |
$ | — | $ | 30,658 | $ | — | $ | 34,925 | $ | — | ||||||||||
|
On fixed charges and preferred dividends |
— | 32,226 | — | 35,477 | — | |||||||||||||||