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EXHIBIT 12.1
THE OLD EVANGELINE DOWNS, LLC
Computation of Ratio of Earnings to Fixed Charges
(amounts in thousands except ratio information)
Earnings: |
| 2003 |
| |
|
|
|
| |
Total earnings |
| $ | (18,767 | ) |
|
|
|
| |
Fixed charges: |
|
|
| |
|
|
|
| |
Interest charges (including capitalized interest) |
| 14,379 |
| |
|
|
|
| |
Amortization of deferred financing costs and bond discount |
| 1,974 |
| |
|
|
|
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Total fixed charges |
| 16,353 |
| |
|
|
|
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Capitalized interest |
| (2,202 | ) | |
Earnings as adjusted |
| $ | (4,616 | ) |
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|
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Ratio of earnings to fixed charges |
| (0.3 | )x* |
* Earnings were insufficient to cover fixed charges for the year ended December 31, 2003 by $21.0 million.