Attached files

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EX-32.2 - EXHIBIT 32.2 - MIND TECHNOLOGY, INCexhibit322-10k.htm
EX-32.1 - EXHIBIT 32.1 - MIND TECHNOLOGY, INCexhibit321-10k.htm
EX-31.2 - EXHIBIT 31.2 - MIND TECHNOLOGY, INCexhibit312-10k.htm
EX-31.1 - EXHIBIT 31.1 - MIND TECHNOLOGY, INCexhibit311-10k.htm
EX-23.2 - EXHIBIT 23.2 - MIND TECHNOLOGY, INCexhibit232-10k.htm
EX-23.1 - EXHIBIT 23.1 - MIND TECHNOLOGY, INCexhibit231-10k.htm
EX-21.1 - EXHIBIT 21.1 - MIND TECHNOLOGY, INCexhibit211-10k.htm
EX-10.13 - EXHIBIT 10.13 - MIND TECHNOLOGY, INCexhibit1013-10k.htm
10-K - 10-K - MIND TECHNOLOGY, INCmind1311810-k.htm


Exhibit 12.1

MITCHAM INDUSTRIES, INC.
Ratio of Earnings to Fixed Charges


 
Year Ended January 31,
 
2018
 
2017
 
2016
 
2015
 
2014
Earnings
 
 
 
 
 
 
 
 
 
(Loss) Income before income taxes
(20,159
)
 
$
(31,339
)
 
$
(27,759
)
 
$
(10,186
)
 
$
6,026

Fixed charges (as outlined below)
245

 
846

 
932

 
1,142

 
544

Total earnings, as defined $
(19,914
)

(30,493
)

(26,827
)

(9,044
)

6,570

 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
Interest
47

 
$
653

 
$
739

 
$
902

 
$
314

Estimate of interest within rental expense
$
198

 
$
193

 
$
193

 
$
240

 
$
230

Total fixed charges
$
245

 
$
846

 
$
932

 
$
1,142

 
$
544

 
 
 
 
 
 
 
 
 
 
Ratio of (losses) earnings to fixed charges
*

 
*

 
*

 
*

 
12.08



*
Earnings for the years ended January 31, 2018, January 31, 2017, January 31, 2016 and January 31, 2015 were insufficient to cover fixed charges by $20,159, $31,339, $27,759 and $10,186, respectively.