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 | |||||||||||||||
Septemer 30, | September 30, | |||||||||||||||
(dollar amounts in thousands) | 2008 | 2007 | 2008 | 2007 | ||||||||||||
Pretax income from continuing operations before adjustment for minority interest or income (loss) from unconsolidated subsidiaries | $ | 334 | $ | 22,330 | $ | 17,563 | $ | 48,379 | ||||||||
Add: | ||||||||||||||||
Fixed charges | 7,312 | 8,295 | 22,399 | 20,969 | ||||||||||||
Dividends received | — | — | 222 | 1,270 | ||||||||||||
Adjusted pretax income | $ | 7,646 | $ | 30,625 | $ | 40,184 | $ | 70,618 | ||||||||
Fixed charges: | ||||||||||||||||
Interest expense | $ | 6,089 | $ | 7,461 | $ | 18,982 | $ | 18,762 | ||||||||
Estimate of interest within rental expense | 1,223 | 834 | 3,417 | 2,207 | ||||||||||||
Total fixed charges | $ | 7,312 | $ | 8,295 | $ | 22,399 | $ | 20,969 | ||||||||
Ratio of earnings to fixed charges | 1.0 | 3.7 | 1.8 | 3.4 |