Euronet Worldwide (EEFT) 10-Q 2009 Q2 Quarterly report

EXHIBIT 12.1

EURONET WORLDWIDE, INC.
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