EXHIBIT 12.1
Alion Science and Technology
Computation of Ratio of Earnings to Fixed Charges
Computation of Ratio of Earnings to Fixed Charges
Six Months Ended | ||||||||||||||||||||||||
Years Ended September 30, | March 31, | |||||||||||||||||||||||
Actual Data | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | ||||||||||||||||||
(Amounts in thousands) | ||||||||||||||||||||||||
Fixed Charges | ||||||||||||||||||||||||
Cash interest expense | $ | 9,328 | $ | 19,349 | $ | 33,609 | $ | 49,909 | $ | 52,022 | $ | 28,666 | ||||||||||||
Amortization of capitalized expenses related to indebtedness | 3,897 | 2,591 | 3,182 | 2,912 | 5,067 | 2,378 | ||||||||||||||||||
Total fixed charges | $ | 13,225 | $ | 21,940 | $ | 36,791 | $ | 52,821 | $ | 57,089 | $ | 31,044 | ||||||||||||
Earnings | ||||||||||||||||||||||||
Pre-tax earnings (loss) | $ | (40,172 | ) | $ | (31,089 | ) | $ | (42,780 | ) | $ | (25,334 | ) | $ | (17,041 | ) | $ | 35,000 | |||||||
Fixed charges | 13,225 | 21,940 | 36,791 | 52,821 | 57,089 | 31,044 | ||||||||||||||||||
Earnings before fixed charges | $ | (26,947 | ) | $ | (9,149 | ) | $ | (5,989 | ) | $ | 27,487 | $ | 40,048 | $ | 66,043 | |||||||||
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Ratio of earnings to fixed charges | N/A (a | ) | N/A (a | ) | N/A (a | ) | 0.52 (b | ) | 0.70 (b | ) | 2.13 |
(a) | Earnings for fiscal 2005, 2006 and 2007 were inadequate to cover fixed charges in those years by $26.9 million, $9.1 million, $6.0 million. |
(b) | Although the fixed charge coverage ratios for fiscal years 2008 and 2009 were positive, earnings were inadequate to cover fixed charges by $25.3 million in 2008 and by $17.0 million in 2009. |