Attached files
| file | filename |
|---|---|
| EX-32.1 - ASPIRITY HOLDINGS LLC | ex32-1.htm |
| EX-31.1 - ASPIRITY HOLDINGS LLC | ex31-1.htm |
| EX-31.2 - ASPIRITY HOLDINGS LLC | ex31-2.htm |
| EX-21 - ASPIRITY HOLDINGS LLC | ex21.htm |
| EX-23.1 - ASPIRITY HOLDINGS LLC | ex23-1.htm |
| EX-14.1 - ASPIRITY HOLDINGS LLC | ex14-1.htm |
| EX-23.2 - ASPIRITY HOLDINGS LLC | ex23-2.htm |
| EX-12.2 - ASPIRITY HOLDINGS LLC | ex12-2.htm |
| EX-10.13 - ASPIRITY HOLDINGS LLC | ex10-13.htm |
| EX-10.12 - ASPIRITY HOLDINGS LLC | ex10-12.htm |
| 10-K - ASPIRITY HOLDINGS LLC | form10-k.htm |
Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges
Aspirity Holdings LLC and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
| For the Years Ended December 31, | ||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | |||||||||||||
| Earnings | ||||||||||||||||
| Income (loss) (1) | $ | (12,893,709 | ) | $ | (8,861,741 | ) | $ | 3,779,184 | $ | 2,140,139 | ||||||
| + Fixed Charges | 5,049,451 | 3,961,845 | 2,571,922 | 2,494,819 | ||||||||||||
| = Earnings | $ | (7,844,259 | ) | $ | (4,899,897 | ) | $ | 6,351,106 | $ | 4,634,958 | ||||||
| Fixed Charges (2) | ||||||||||||||||
| Interest expense | $ | 4,893,792 | $ | 3,568,707 | $ | 2,293,376 | $ | 2,293,376 | ||||||||
| + Approximation of interest in rental expense (3) | 81,896 | 164,627 | 147,731 | 150,023 | ||||||||||||
| + Amortization of deferred financing costs | 73,763 | 228,511 | 130,815 | 51,420 | ||||||||||||
| = Fixed Charges | $ | 5,049,451 | $ | 3,961,845 | $ | 2,571,922 | $ | 2,494,819 | ||||||||
| Ratio of Earnings to Fixed Charges | --(4 | ) | --(5 | ) | 2.47 | x | 1.86 | x | ||||||||
| 1 - Amounts for 2014 and 2013 include discontinued operations, which are excluded from 2015 and 2016 amounts | ||||||||||||||||
| 2 - Amounts include discontinued operations (through March 30, 2016 for FY 2016 amounts) | ||||||||||||||||
| 3 - "Approximation of interest in rental expense" is equal to one-third of total operating lease rental expense as reported in the notes to the consolidated financial statements, with the remaining two-thirds considered to be depreciation. Total operating lease expense is as follows: | ||||||||||||||||
| Total lease expense | $ | 245,689 | $ | 493,880 | $ | 443,193 | $ | 450,069 | ||||||||
4 - Due to the losses in 2016, earnings were insufficient by $12,893,709 to cover fixed charges for the twelve months ended December 31, 2016.
5 - Due to the losses in 2015, earnings were insufficient by $8,861,741 to cover fixed charges for the twelve months ended December 31, 2015.