ASPIRITY HOLDINGS LLC - FORM 10-K - EX-12.2 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DISTRIBUTIONS - March 30, 2015

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EXCEL - IDEA: XBRL DOCUMENT - ASPIRITY HOLDINGS LLCFinancial_Report.xls
EX-21 - SUBSIDIARIES - ASPIRITY HOLDINGS LLCtwincities_10k-ex21.htm
EX-10.24 - GUARANTY - ASPIRITY HOLDINGS LLCtwincities_10k-ex1024.htm
EX-32.1 - CERTIFICATION - ASPIRITY HOLDINGS LLCtwincities_10k-ex3201.htm
EX-31.1 - CERTIFICATION - ASPIRITY HOLDINGS LLCtwincities_10k-ex3102.htm
EX-10.19 - GUARANTY - ASPIRITY HOLDINGS LLCtwincities_10k-ex1019.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - ASPIRITY HOLDINGS LLCtwincities_10k-ex2301.htm
EX-10.20 - GUARANTY - ASPIRITY HOLDINGS LLCtwincities_10k-ex1020.htm
EX-10.23 - GUARANTY - ASPIRITY HOLDINGS LLCtwincities_10k-ex1023.htm
EX-31.1 - CERTIFICATION - ASPIRITY HOLDINGS LLCtwincities_10k-ex3101.htm
EX-10.22 - GUARANTY - ASPIRITY HOLDINGS LLCtwincities_10k-ex1022.htm
EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - ASPIRITY HOLDINGS LLCtwincities_10k-ex1201.htm
10-K - ANNUAL REPORT - ASPIRITY HOLDINGS LLCtwincities_10k-123114.htm
EX-10.21 - GUARANTEE - ASPIRITY HOLDINGS LLCtwincities_10k-ex1021.htm

Exhibit 12.2

 

Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions


Twin Cities Power Holdings, LLC and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges and Preferred Distributions

 

   For the Years Ended December 31, 
   2014   2013   2012   2011 
Earnings                    
Income (loss) before income taxes  $3,779,184   $2,140,139   $1,986,735   $11,680,200 
+ Fixed Charges   3,120,994    2,252,414    1,739,280    3,188,517 
= Earnings  $6,900,178   $4,392,553   $3,726,015   $14,868,717 
                     
Fixed Charges                    
Interest expense  $2,293,376   $1,501,935   $1,065,414   $3,027,621 
+ Approximation of interest in rental expense (1)   147,731    150,023    165,605    160,896 
+ Amortization of deferred financing costs (2)   130,815    51,420    5,011    – 
+ Distributions - preferred (3)   549,072    549,036    503,250    – 
= Fixed Charges  $3,120,994   $2,252,414   $1,739,280   $3,188,517 
                     
Ratio of Earnings to Fixed Charges and Preferred Distributions   2.21x   1.95x   2.14x   4.66x
                     
1 - "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  $443,193   $450,069   $496,816   $482,689 
                     
2 - As reported in the notes to the consolidated financial statements  
   
3 - As reported in on the consolidated statements of cash flows  

 

ASPIRITY HOLDINGS LLC Reports