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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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Exhibit 12.1
FEDERAL HOME LOAN BANK OF TOPEKA | |||||||||||||||
CALCULATION OF EARNINGS TO FIXED CHARGES | |||||||||||||||
(In thousands) |
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| Year Ended December 31, | ||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||
Earnings: |
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Income Before Assessments | $ | 132,267 |
| $ | 122,572 |
| $ | 97,759 |
| $ | 45,701 |
| $ | 322,192 |
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Total Fixed Charges |
| 225,292 |
|
| 275,103 |
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| 315,561 |
|
| 380,135 |
|
| 575,165 |
|
Capitalized Interest |
| - |
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| - |
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| - |
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| - |
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| - |
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TOTAL EARNINGS |
| 357,559 |
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| 397,675 |
|
| 413,320 |
|
| 425,836 |
|
| 897,357 |
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Fixed Charges: |
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Interest Expense1 |
| 225,292 |
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| 275,103 |
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| 315,561 |
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| 380,135 |
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| 575,165 |
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Capitalized Interest |
| - |
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| - |
|
| - |
|
| - |
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| - |
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Estimated Interest Attributable to Rental Expense2 |
| - |
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| - |
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| - |
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| - |
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| - |
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TOTAL FIXED CHARGES | $ | 225,292 |
| $ | 275,103 |
| $ | 315,561 |
| $ | 380,135 |
| $ | 575,165 |
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Earnings to Fixed Charges Ratio |
| 1.59 |
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| 1.45 |
|
| 1.31 |
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| 1.12 |
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| 1.56 |
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1 | For purposes of this calculation the amortization of premium, discount, and capitalized expenses related to indebtedness are included in interest expense and have not been separately displayed in this calculation. |
2 | The FHLBank has rental expense; however, has not placed an estimated of the interest expense included in rental expense in this calculation as the amount is very minimal. |