Attached files
| file | filename |
|---|---|
| EX-23 - EXHIBIT 23 - DELTA NATURAL GAS CO INC | dgas-2016630xkexhibit23.htm |
| 10-K - 10-K - DELTA NATURAL GAS CO INC | dgas-2016630x10k.htm |
| EX-32.2 - EXHIBIT 32.2 - DELTA NATURAL GAS CO INC | dgas-2016630xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - DELTA NATURAL GAS CO INC | dgas-2016630xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - DELTA NATURAL GAS CO INC | dgas-2016630xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - DELTA NATURAL GAS CO INC | dgas-2016630xex311.htm |
| EX-21 - EXHIBIT 21 - DELTA NATURAL GAS CO INC | dgas-2016630xexhibit21.htm |
EXHIBIT 12
DELTA NATURAL GAS COMPANY, INC.
COMPUTATION OF THE CONSOLIDATED RATIO OF EARNINGS
TO FIXED CHARGES
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Net income | $ | 5,529,378 | $ | 6,496,081 | $ | 8,275,128 | $ | 7,200,776 | $ | 5,783,998 | ||||||||||
Provisions for income taxes (a) | 3,377,481 | 3,892,215 | 4,858,586 | 4,268,784 | 3,258,144 | |||||||||||||||
Fixed charges | 2,557,257 | 2,623,662 | 2,694,187 | 2,770,935 | 4,321,256 | |||||||||||||||
Total | $ | 11,464,116 | $ | 13,011,958 | $ | 15,827,901 | $ | 14,240,495 | $ | 13,363,398 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest on debt (a) | $ | 2,297,757 | $ | 2,360,662 | $ | 2,424,587 | $ | 2,493,135 | $ | 3,969,025 | ||||||||||
Amortization of debt expense | 233,500 | 240,000 | 246,600 | 253,800 | 329,231 | |||||||||||||||
One third of rental expense | 26,000 | 23,000 | 23,000 | 24,000 | 23,000 | |||||||||||||||
Total | $ | 2,557,257 | $ | 2,623,662 | $ | 2,694,187 | $ | 2,770,935 | $ | 4,321,256 | ||||||||||
Ratio of earnings to fixed charges | 4.48x | 4.96x | 5.87x | 5.14x | 3.09x | |||||||||||||||
(a) | Interest accrued on uncertain tax positions, in accordance with Accounting Standards Codification Topic 740 - Income Taxes, is presented in income taxes on the Consolidated Statements of Income. This interest has been excluded from the determination of fixed charges. |