Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - Jernigan Capital, Inc. | jcap-20180930xex32_1.htm |
| EX-31.2 - EXHIBIT 31.2 - Jernigan Capital, Inc. | jcap-20180930xex31_2.htm |
| EX-31.1 - EXHIBIT 31.1 - Jernigan Capital, Inc. | jcap-20180930xex31_1.htm |
| EX-10.1 - EXHIBIT 10.1 - Jernigan Capital, Inc. | jcap-20180930xex10_1.htm |
| 10-Q - 10-Q - Jernigan Capital, Inc. | jcap-20180930x10q.htm |
COMPUTATION OF RATIO OF EARNINGS TO COMBINED
FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
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Nine months ended |
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September 30, 2018 |
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Earnings: |
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Net income |
$ |
32,115 | |
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Add back: |
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Fixed charges |
1,525 | ||
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Distribution of income from investments in unconsolidated entities |
599 | ||
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Less: |
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Equity in earnings from unconsolidated entities |
(1,425) | ||
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Total earnings (A) |
$ |
32,814 | |
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Fixed charges: |
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Interest expense |
$ |
1,521 | |
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Portion of rent expense representative of interest factor |
4 | ||
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Total fixed charges (B) |
$ |
1,525 | |
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Preferred dividends |
12,965 | ||
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Total Fixed Charges and Preferred Dividends (C) |
$ |
14,490 | |
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Ratio of earnings to fixed charges (A / B) |
21.52 | ||
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Insufficient coverage (A - B) |
n/a |
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Ratio of earnings to fixed charges and preferred dividends (A / C) |
2.26 | ||
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Insufficient coverage (A - C) |
n/a |