Exhibit 12.1
INVESCO MORTGAGE CAPITAL INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth the calculation of our earnings to fixed charges for the periods shown:
Three Months | ||||||||||||||||||||||||
Ended | Year Ended December 31 | |||||||||||||||||||||||
($ in thousands) | March 31, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
Net Income | 52,248 | 98,399 | 15,094 | (22 | ) | — | — | |||||||||||||||||
Add: Fixed Charges (interest expense) | 15,578 | 29,556 | 4,627 | — | — | — | ||||||||||||||||||
Earnings Adjusted | 67,826 | 127,955 | 19,721 | (22 | ) | — | — | |||||||||||||||||
Fixed Charges (interest expense) | 15,578 | 29,556 | 4,627 | — | — | — | ||||||||||||||||||
Ratio of earnings to combined fixed charges | 4.4x | 4.3x | 4.3x | N/A | N/A | N/A |