Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - AMERITRANS CAPITAL CORP | acc_10k-063012.htm |
| EX-31.1 - EXHIBIT 31.1 - AMERITRANS CAPITAL CORP | ex31-1.htm |
| EX-32.2 - EXHIBIT 32.2 - AMERITRANS CAPITAL CORP | ex32-2.htm |
| EX-31.2 - EXHIBIT 31.2 - AMERITRANS CAPITAL CORP | ex31-2.htm |
| EX-23.1 - EXHIBIT 23.1 - AMERITRANS CAPITAL CORP | ex23-1.htm |
| EX-32.1 - EXHIBIT 32.1 - AMERITRANS CAPITAL CORP | ex32-1.htm |
EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE DIVIDENDS
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Year ended June 30,
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2012
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2011
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2010
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2009
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2008
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Earnings:
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Net increase (decrease) in net assets from operations
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$ | (5,462,081 | ) | $ | (5,802,576 | ) | $ | (6,374,963 | ) | $ | (5,462,453 | ) | $ | (537,571 | ) | |||||
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Fixed charges
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1,351,805 | 1,517,044 | 964,382 | 1,130,738 | 2,398,654 | |||||||||||||||
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Adjusted earnings
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$ | (4,110,276 | ) | $ | (4,285,532 | ) | $ | (5,410,581 | ) | $ | (4,331,715 | ) | $ | 1,861,083 | ||||||
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Fixed charges:
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Interest expense
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$ | 1,280,954 | $ | 1,446,193 | $ | 906,202 | $ | 1,090,074 | $ | 2,357,540 | ||||||||||
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Amortization of deferred loan costs
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70,851 | 70,851 | 58,180 | 40,664 | 41,114 | |||||||||||||||
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Total fixed charges
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$ | 1,351,805 | $ | 1,517,044 | $ | 964,382 | $ | 1,130,738 | $ | 2,398,654 | ||||||||||
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Preference dividends
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337,500 | 337,500 | 421,875 | 253,125 | 337,500 | |||||||||||||||
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Total fixed charges and preference dividends
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$ | 1,689,305 | $ | 1,854,544 | $ | 1,386,257 | $ | 1,383,863 | $ | 2,736,154 | ||||||||||
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Ratio of earnings to fixed charges
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(2.43 | ) | (2.31 | ) | (3.90 | ) | (3.13 | ) | 0.68 | |||||||||||
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Deficiency of earnings to cover fixed charges and preference dividends
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$ | 5,799,581 | $ | 6,140,076 | $ | 6,796,838 | $ | 5,715,578 | $ | 875,071 | ||||||||||
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(less than 1:1 ratio)
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