Exhibit 12.1
DeCrane Aircraft Holdings, Inc.
Computation of Earnings to Fixed Charges Ratios
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| Year Ended December 31, |
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| 1998 |
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(Dollars in thousands) |
| 2002 |
| 2001 |
| 2000 |
| 1999 |
| Four Months |
| Eight Months |
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| (Successor) |
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| (Predecessor) |
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Earnings: |
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Income (loss) before provision for income taxes, cumulative effect of change in accounting principle and extraordinary item |
| $ | (8,482 | ) | $ | (12,814 | ) | $ | 9,884 |
| $ | (3,418 | ) | $ | (2,992 | ) | $ | 6,081 |
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Minority interest in income of subsidiary with fixed charges |
| 215 |
| 148 |
| 228 |
| 197 |
| 82 |
| 48 |
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Fixed charges |
| 35,357 |
| 40,410 |
| 42,923 |
| 29,123 |
| 7,217 |
| 3,117 |
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Total earnings |
| $ | 27,090 |
| $ | 27,744 |
| $ | 53,035 |
| $ | 25,902 |
| $ | 4,307 |
| $ | 9,246 |
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Fixed Charges: |
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| �� |
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Interest expense, including amortization of debt discounts and issuance costs(1) |
| $ | 33,894 |
| $ | 39,001 |
| $ | 41,623 |
| $ | 27,918 |
| $ | 6,852 |
| $ | 2,350 |
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Interest component of rentals(2) |
| 1,463 |
| 1,409 |
| 1,300 |
| 1,205 |
| 365 |
| 767 |
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Total fixed charges |
| $ | 35,357 |
| $ | 40,410 |
| $ | 42,923 |
| $ | 29,123 |
| $ | 7,217 |
| $ | 3,117 |
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Ratio of Earnings to Fixed Charges: |
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Ratio |
| — |
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| 1.2 | x | — |
| — |
| 3.0 | x | ||||||
Deficiency |
| $ | 8,267 |
| $ | 12,666 |
| $ | — |
| $ | 3,221 |
| $ | 2,910 |
| $ | — |
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(1) None capitalized.
(2) Reflects one-third of rental expense under operating leases considered to represent interest costs.