Attached files

file filename
10-Q - VDI 10-Q 20180630 - VANTAGE DRILLING INTERNATIONALvdi-10q_20180630.htm
EX-32.2 - EX-32.2 - VANTAGE DRILLING INTERNATIONALvdi-ex322_8.htm
EX-32.1 - EX-32.1 - VANTAGE DRILLING INTERNATIONALvdi-ex321_9.htm
EX-31.2 - EX-31.2 - VANTAGE DRILLING INTERNATIONALvdi-ex312_7.htm
EX-31.1 - EX-31.1 - VANTAGE DRILLING INTERNATIONALvdi-ex311_6.htm

Exhibit 12.1

 

 

Ratio of Earnings to Fixed Charges

(In thousands, except Ratio of Earnings to Fixed Charges)

 

 

 

 

 

 

Six Months

 

 

 

Ended June

 

 

 

30, 2018

 

Earnings (Loss)

 

 

 

Loss before provision for income taxes and minority interest

 

$           (56,048)

 

Fixed charges

 

                 38,810

 

  Minority interest in pre-tax income of subsidiaries with no fixed charges

 

-

 

   Loss as adjusted

 

$           (17,238)

 

 

 

 

 

Fixed Charges

 

 

 

Interest expense

 

$               38,683

 

Portion of rental expense representative of the interest factor

 

                       127

 

   Total fixed charges

 

$               38,810

 

 

 

 

 

Ratio of earnings to fixed charges (a)

 

                              -

 

 

 

 

 

(a) For the six months ended June 30, 2018 earnings were not sufficient to cover fixed charges by approximately $56.0 million.