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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(Dollars in thousands) |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
| 2000 |
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Earnings: |
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Income (loss) from continuing operations before provision for income taxes, cumulative effect of change in accounting principle and extraordinary item |
| $ | (42,423 | ) | $ | (66,434 | ) | $ | (10,383 | ) | $ | (21,481 | ) | $ | 9,936 |
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Fixed charges |
| 37,928 |
| 27,188 |
| 26,403 |
| 30,638 |
| 28,212 |
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Total earnings (loss) |
| $ | (4,495 | ) | $ | (39,246 | ) | $ | 16,020 |
| $ | 9,157 |
| $ | 38,148 |
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Fixed Charges: |
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Interest expense, including amortization of debt discounts and issuance costs (1) |
| $ | 37,146 |
| $ | 26,219 |
| $ | 25,376 |
| $ | 29,645 |
| $ | 27,181 |
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Interest component of rentals (2) |
| 782 |
| 969 |
| 1,027 |
| 993 |
| 1,031 |
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Total fixed charges |
| $ | 37,928 |
| $ | 27,188 |
| $ | 26,403 |
| $ | 30,638 |
| $ | 28,212 |
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Ratio of Earnings to Fixed Charges: |
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Ratio |
| — |
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| 1.4 | x | |||||
Deficiency |
| $ | 42,423 |
| $ | 66,434 |
| $ | 10,383 |
| $ | 21,481 |
| $ | — |
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(1) None capitalized.
(2) Reflects one-third of rental expense under operating leases considered to represent interest costs.