Exhibit 12.1
Great Ajax Corp.
Statement of Computation of Ratio of Earnings to Fixed Charges
Six months ended June 30, 2017 | Fiscal year ended December 31, 2016 | Fiscal year ended | ||||||||||
| Pre-tax net income | $ | 15,848 | $ | 28,909 | $ | 25,793 | ||||||
| Less: | ||||||||||||
| Equity earnings of subsidiaries | (386 | ) | (558 | ) | (550 | ) | ||||||
| Add: | ||||||||||||
| Fixed charges | 16,944 | 25,573 | 11,499 | |||||||||
| Distributed earnings of subsidiaries | 3,304 | 529 | 163 | |||||||||
| Total earnings | $ | 35,710 | $ | 54,453 | $ | 36,905 | ||||||
| Divided by: | ||||||||||||
| Interest expense | (16,944 | ) | (25,573 | ) | (11,499 | ) | ||||||
| Total fixed charges | $ | (16,944 | ) | $ | (25,573 | ) | $ | (11,499 | ) | |||
| Ratio of earnings to fixed charges | 2.11 | 2.13 | 3.21 | |||||||||
