Attached files
| file | filename |
|---|---|
| EX-21.1 - EX-21.1 - AXT INC | axti-20151231ex211daea11.htm |
| EX-23.1 - EX-23.1 - AXT INC | axti-20151231ex2311a82b2.htm |
| EX-32.2 - EX-32.2 - AXT INC | axti-20151231ex32218fb49.htm |
| EX-31.2 - EX-31.2 - AXT INC | axti-20151231ex31241b940.htm |
| EX-31.1 - EX-31.1 - AXT INC | axti-20151231ex311b6a90a.htm |
| 10-K - 10-K - AXT INC | axti-20151231x10k.htm |
| EX-32.1 - EX-32.1 - AXT INC | axti-20151231ex3218a758b.htm |
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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Fiscal Year Ended December 31, |
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2008 |
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2009 |
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2010 |
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2011 |
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2012 |
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2013 |
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2014 |
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2015 |
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(dollars in thousands) |
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Ratio of earnings to fixed charges |
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Earnings: |
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Earnings available for fixed charges |
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$ |
(38) |
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$ |
(1,596) |
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$ |
20,184 |
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$ |
27,473 |
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$ |
5,965 |
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$ |
(7,662) |
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$ |
(2,854) |
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$ |
0 |
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Add: |
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Fixed charges |
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231 |
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64 |
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74 |
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— |
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1 |
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1 |
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— |
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— |
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Total income/(loss) for computation of ratio |
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$ |
193 |
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$ |
(1,532) |
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$ |
20,258 |
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$ |
27,473 |
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$ |
5,966 |
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$ |
(7,661) |
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$ |
(2,854) |
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$ |
0 |
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Fixed charges: |
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Total interest expense |
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$ |
193 |
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$ |
47 |
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$ |
57 |
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$ |
0 |
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$ |
1 |
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$ |
1 |
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$ |
0 |
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$ |
0 |
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Interest factor in rents a |
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38 |
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17 |
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17 |
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— |
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— |
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— |
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— |
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— |
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Total fixed charges |
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$ |
231 |
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$ |
64 |
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$ |
74 |
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$ |
0 |
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$ |
1 |
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$ |
1 |
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$ |
0 |
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$ |
0 |
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Ratio of earnings to fixed charges b |
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0.84 |
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(23.94) |
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273.76 |
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NM |
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5,966.00 |
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(7,661.00) |
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NM |
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NM |
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(a) |
Interest component of rental expense is estimated based on interest on tenant improvement loan at 4%, which is considered a reasonable approximation of the interest factor. In 2010, the full amount of the tenant improvement was paid off. |
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(b) |
In 2009, earnings were weak from the global financial crisis. Between 2011 and 2015, there were no fixed charge . |
NM = ratio not meaningful