Attached files
| file | filename |
|---|---|
| 10-K - 9/30/17 10-K - PHX MINERALS INC. | phx-10k_20170930.htm |
| EX-99 - EX-99 - PHX MINERALS INC. | phx-ex99_373.htm |
| EX-32.2 - EX-32.2 - PHX MINERALS INC. | phx-ex322_8.htm |
| EX-32.1 - EX-32.1 - PHX MINERALS INC. | phx-ex321_327.htm |
| EX-31.2 - EX-31.2 - PHX MINERALS INC. | phx-ex312_7.htm |
| EX-31.1 - EX-31.1 - PHX MINERALS INC. | phx-ex311_6.htm |
| EX-23.2 - EX-23.2 - PHX MINERALS INC. | phx-ex232_331.htm |
| EX-23.1 - EX-23.1 - PHX MINERALS INC. | phx-ex231_330.htm |
| EX-10.5 - EX-10.5 - PHX MINERALS INC. | phx-ex105_332.htm |
EXHIBIT 12.1
Statement Computation Ratio Earnings to Fixed Charges
PANHANDLE OIL AND GAS INC.
RATIO OF EARNINGS TO FIXED CHARGES
|
|
Fiscal Year Ended September 30, |
|
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|
|
2013 |
|
|
2014 |
|
|
2015 |
|
|
2016 |
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|
2017 |
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|||||
|
Earnings |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes |
|
20,690,049 |
|
|
|
36,821,462 |
|
|
|
14,157,341 |
|
|
|
(17,997,884 |
) |
|
|
4,220,933 |
|
|
Fixed charges |
|
278,976 |
|
|
|
670,117 |
|
|
|
1,820,605 |
|
|
|
1,491,513 |
|
|
|
1,565,118 |
|
|
Amortization of capitalized interest |
|
56,661 |
|
|
|
68,245 |
|
|
|
76,270 |
|
|
|
71,136 |
|
|
|
80,857 |
|
|
Interest capitalized |
|
(121,418 |
) |
|
|
(172,499 |
) |
|
|
(148,493 |
) |
|
|
(24,929 |
) |
|
|
(168,351 |
) |
|
Total Earnings |
|
20,904,268 |
|
|
|
37,387,325 |
|
|
|
15,905,723 |
|
|
|
(16,460,164 |
) |
|
|
5,698,557 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Fixed Charges |
|
|
|
|
|
|
|
|
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|
|
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|
|
Interest expensed |
|
157,558 |
|
|
|
462,296 |
|
|
|
1,550,483 |
|
|
|
1,344,619 |
|
|
|
1,275,138 |
|
|
Interest capitalized |
|
121,418 |
|
|
|
172,499 |
|
|
|
148,493 |
|
|
|
24,929 |
|
|
|
168,351 |
|
|
Amortization of capitalized expenses related to debt |
|
- |
|
|
|
35,322 |
|
|
|
121,629 |
|
|
|
121,965 |
|
|
|
121,629 |
|
|
Total Fixed charges |
|
278,976 |
|
|
|
670,117 |
|
|
|
1,820,605 |
|
|
|
1,491,513 |
|
|
|
1,565,118 |
|
|
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|
|
|
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|
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|
Ratio of Earnings to Fixed Charges |
|
74.93 |
|
|
|
55.79 |
|
|
|
8.74 |
|
|
- (1) |
|
|
|
3.64 |
|
|
|
|
(1) |
For the fiscal year ended September 30, 2016, our earnings were insufficient to cover our fixed charges by $14,968,651. |