EXHIBIT 12.1
EURONET WORLDWIDE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Three Months Ended | Nine Months Ended | |||||||||||||||
September 30, | September 30, | |||||||||||||||
(dollar amounts in thousands) | 2007 | 2006 | 2007 | 2006 | ||||||||||||
Pretax income from continuing operations before adjustment for minority interest or income from unconsolidated subsidiaries | $ | 23,163 | $ | 13,976 | $ | 49,669 | $ | 41,557 | ||||||||
Add: | ||||||||||||||||
Fixed charges | 8,308 | 4,275 | 21,044 | 12,509 | ||||||||||||
Adjusted pretax income | $ | 31,471 | $ | 18,251 | $ | 70,713 | $ | 54,066 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 7,474 | $ | 3,802 | $ | 18,837 | $ | 11,055 | ||||||||
Estimate of interest within rental expense | 834 | 473 | 2,207 | 1,454 | ||||||||||||
Total fixed charges | $ | 8,308 | $ | 4,275 | $ | 21,044 | $ | 12,509 | ||||||||
Ratio of earnings to fixed charges | 3.8 | 4.3 | 3.4 | 4.3 |