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10-Q - 10-Q - EMPIRE DISTRICT ELECTRIC COa16-6494_110q.htm
EX-32.(B) - EX-32.(B) - EMPIRE DISTRICT ELECTRIC COa16-6494_1ex32db.htm
EX-31.(B) - EX-31.(B) - EMPIRE DISTRICT ELECTRIC COa16-6494_1ex31db.htm
EX-32.(A) - EX-32.(A) - EMPIRE DISTRICT ELECTRIC COa16-6494_1ex32da.htm
EX-31.(A) - EX-31.(A) - EMPIRE DISTRICT ELECTRIC COa16-6494_1ex31da.htm

EXHIBIT (12)

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Twelve

 

 

 

Months Ended

 

 

 

March 31, 2016

 

 

 

 

 

Income before provision for income taxes and fixed charges (Note A)

 

$

145,317,596

 

 

 

 

 

Fixed charges:

 

 

 

Interest on long-term debt

 

$

44,348,486

 

Interest on short-term debt

 

254,778

 

Other interest

 

1,082,630

 

Rental expense representative of an interest factor (Note B)

 

9,980,766

 

 

 

 

 

Total fixed charges

 

$

55,666,660

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.61

x

 

NOTE A:          For the purpose of determining earnings in the calculation of the ratio, net income has been increased by the provision for income taxes, non-operating income taxes and by the sum of fixed charges as shown above.

 

NOTE B:          One-third of rental expense (which approximates the interest factor).