Vantage Drilling International (VTDRF) 10-Q2018 Q3 Quarterly report

Filed: 2 Nov 18, 3:08pm

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Removed: commencing, improved, option, supplemented

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Exhibit 12.1
Ratio of Earnings to Fixed Charges
(In thousands, except Ratio of Earnings to Fixed Charges)

		Nine Months
		Ended September
		30, 2018
Earnings (Loss)
Loss before provision for income taxes and minority interest		$ (80,593)
Fixed charges		58,403
Minority interest in pre-tax income of subsidiaries with no fixed charges		-
Loss as adjusted		$ (22,190)

Fixed Charges
Interest expense		$ 58,122
Portion of rental expense representative of the interest factor		281
Total fixed charges		$ 58,403

Ratio of earnings to fixed charges (a)		-

(a) For the nine months ended September 30, 2018 earnings were not sufficient to cover fixed charges by approximately $80.6 million.

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