Dine Brands Global (DIN) 10-Q2016 Q1 Quarterly report

Filed: 5 May 16, 12:00am

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Exhibit 12.1

DINEEQUITY, INC.

Computation of Debt Service Coverage Ratio for the Trailing Twelve Months Ended March 31, 2016 and Leverage Ratio as of March 31, 2016.

(In thousands, except ratios)



Leverage Ratio Calculation:
Indebtedness, net ⁽¹⁾	$	1,283,261
Covenant Adjusted EBITDA⁽¹⁾	284,733
Leverage Ratio	4.51
Debt Service Coverage Ratio (DSCR) Calculation:
Net Cash Flow ⁽¹⁾	$	305,904
Debt Service ⁽¹⁾	56,721
DSCR	5.39


⁽¹⁾	Definitions of all components used in calculating the above ratios are found in the Base Indenture and the related Series 2014-1 Supplement to the Base Indenture, dated September 30, 2014, filed as Exhibits 4.1 and 4.2, respectively, to our Current Report on Form 8-K filed on October 3, 2014.