ZELTIQ Aesthetics (ZLTQ) 10-Q 2015 Q3 Quarterly report

Exhibit 12.1

ZELTIQ Aesthetics, Inc.

Ratio of Earnings to Fixed Charges

The following table sets forth the calculation of the ratio of earnings to fixed charges for the periods indicated.

(In thousands)

	Nine Months Ended		Year Ended December 31,
	September 30, 2015		2014		2013			2012			2011			2010
Earnings (loss), calculated as follows:
Income (loss) from continuing operations before income taxes	$	1,427	$	1,762	$	(19,165	)	$	(30,002	)	$	(9,555	)	$	(13,533	)
Add: Fixed charges	591		501		450			396			410			720
Total earnings (loss), as defined	2,018		2,263		$	(18,715	)	(29,606		)	(9,145		)	(12,813		)
Fixed Charges, calculated as follows:
Interest expensed	$	10	$	—	$	—		$	2		$	72		$	449
Amortized premiums, discounts and capitalized expenses related to indebtedness	—		—		—			—			49			49
Estimate of interest within rental expense (1)	581		501		450			394			289			222
Total fixed charges	$	591	$	501	$	450		$	396		$	410		$	720
Earnings (deficiency of earnings), as defined, to cover fixed charges	$	2,018	$	2,263	$	(18,715	)	$	(29,606	)	$	(9,145	)	$	(12,813	)
Ratio of earnings to fixed charges (2)	3.41		4.52		—			—			—			—

(1) Interest component of rental expense is estimated to equal 1/3 of all such expense, which management believes is a reasonable approximation of the interest factor.

(2) Due to the registrant's losses in 2010 through 2013 and for the six months ended June 30, 2015, the ratio information is not applicable.