Exhibit 12.1
SXC HEALTH SOLUTIONS CORP.
Ratio of Earnings to Fixed Charges
(dollars in thousands)
Ratio of Earnings to Fixed Charges
(dollars in thousands)
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 68,085 | $ | 20,304 | $ | 17,444 | $ | 16,343 | $ | 7,164 | ||||||||||
Add fixed charges: | ||||||||||||||||||||
Interest expense (1) | 5,399 | 4,140 | 112 | 1,867 | 1,896 | |||||||||||||||
Interest portion of consolidated rent expense (2) | 2,179 | 1,773 | 747 | 684 | 518 | |||||||||||||||
Adjusted earnings | $ | 75,663 | $ | 26,217 | $ | 18,303 | $ | 18,894 | $ | 9,578 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 5,399 | $ | 4,140 | $ | 112 | $ | 1,867 | $ | 1,896 | ||||||||||
Interest portion of consolidated rent expense | 2,179 | 1,773 | 747 | 684 | 518 | |||||||||||||||
Total fixed charges | $ | 7,578 | $ | 5,913 | $ | 859 | $ | 2,551 | $ | 2,414 | ||||||||||
Ratio of earnings to fixed charges | 9.98 | 4.43 | 21.31 | 7.41 | 3.97 |
(1) | Interest expense on income tax contingencies is not included in fixed charges | |
(2) | One third of rental expenses was used to represent the interest factor of rental expenses |