Money Tree, Inc. - FORM 10-K - EX-12 - STATEMENT REGARDING COMPUTATION OF RATIOS - December 23, 2009

Attached files

file filename
10-K - FORM 10-K FOR FISCAL YEAR ENDED SEPTEMBER 25, 2009 - Money Tree, Inc.d10k.htm
EX-32 - CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 - Money Tree, Inc.dex32.htm
EX-21 - SUBSIDIARIES OF THE MONEY TREE INC. - Money Tree, Inc.dex21.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - Money Tree, Inc.dex312.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Money Tree, Inc.dex311.htm

Exhibit 12

 

     For the Year Ended
9/25/2009		     For the Year Ended
9/25/2008		     For the Year Ended
9/25/2007		    For the Year Ended
9/25/2006		    For the Year Ended
9/25/2005

Earnings:

Income before income tax expense

    $ (12,388,726 )    $ (11,438,560 )    $ 274,973    $ 804,078    $ 737,577

Fixed charges

    $ 8,624,927      $ 9,258,423      $ 8,984,147    $ 8,350,723    $ 7,311,352

Earnings

    $ (3,763,799 )    $ (2,180,137 )    $ 9,259,120    $ 9,154,801    $ 8,048,929
                                    

Fixed charges:

             

Interest expense

    $ 7,611,185      $ 8,275,310      $ 8,025,969    $ 7,349,884    $ 6,354,744

Estimated interest within rental expense

    $ 1,013,742      $ 983,113      $ 958,178    $ 1,000,839    $ 956,608

Fixed charges

    $ 8,624,927      $ 9,258,423      $ 8,984,147    $ 8,350,723    $ 7,311,352
                                    

Ratio of earnings to fixed charges

      (1)        (1)        1.03      1.10      1.10

 

(1) Calculation results in a deficiency in the ratio (i.e. less than one to one coverage). The deficiency in earnings to cover fixed charges was $12,388,726 for the year ended September 25, 2009 and $11,438,560 for the year ended September 25, 2008.

Money Tree, Inc. Reports