Attached files
Exhibit 12.1
Volcano Corporation
Computation of Earnings to Fixed Charges Ratio
(Unauditedin thousands)
Years Ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Net loss |
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Loss before provision for income taxes |
$ | (27,767 | ) | $ | (13,085 | ) | $ | (26,052 | ) | $ | (8,305 | ) | $ | (15,191 | ) | |||||
Fixed charges |
1,118 | 758 | 668 | 4,356 | 5,586 | |||||||||||||||
Total |
(26,649 | ) | (12,327 | ) | (25,384 | ) | (3,949 | ) | (9,605 | ) | ||||||||||
Fixed Charges |
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Interest expense on indebtedness and amortization of deferred financing costs |
$ | 5 | $ | 113 | $ | 199 | $ | 4,013 | $ | 5,311 | ||||||||||
Interest component of rentals (1) |
1,113 | 645 | 469 | 343 | 275 | |||||||||||||||
Total |
$ | 1,118 | $ | 758 | $ | 668 | $ | 4,356 | $ | 5,586 | ||||||||||
Deficiency of earnings available to cover fixed charges |
$ | (27,767 | ) | $ | (13,085 | ) | $ | (26,052 | ) | $ | (8,305 | ) | $ | (15,191 | ) | |||||
(1) | Represents the estimated portion of operating lease rental expense that is considered by us to be representative of interest and amortization of discount related to indebtedness. |