Exhibit 12.1
Terremark Worldwide, Inc.
Computation of Ratio of Earnings to Fixed Charges
For the periods indicated
| 2001 | 2002 | 2003 | 2004 | 2005 | ||||||||||||||||
| Earnings | ||||||||||||||||||||
| Pretax income from continuing operations before minority interests | $ | (21,373,251 | ) | $(57,372,215 | ) | $(41,227,305 | ) | $(22,490,577 | ) | $(9,859,352 | ) | |||||||||
| Fixed charges | 2,136,348 | 12,975,450 | 13,007,683 | 17,224,922 | 18,726,943 | |||||||||||||||
| Less: | ||||||||||||||||||||
| Capitalized interest | (605,332 | ) | (891,644 | ) | — | — | — | |||||||||||||
Total earnings | $ | (19,842,235 | ) | $ | (45,288,409 | ) | $ | (28,219,622 | ) | $ | (5,265,655 | ) | $ | 8,867,591 | ||||||
| Fixed Charges | ||||||||||||||||||||
| Interest expense | $ | 1,097,683 | $ | 9,750,473 | $ | 11,007,683 | $ | 14,624,922 | $ | 15,493,610 | ||||||||||
| Interest capitalized | 605,332 | 891,644 | — | — | — | |||||||||||||||
| Interest included in rental expense | 433,333 | 2,333,333 | 2,000,000 | 2,600,000 | 3,233,333 | |||||||||||||||
Total fixed charges | 2,136,348 | 12,975,450 | 13,007,683 | 17,224,922 | 18,726,943 | |||||||||||||||
Ratio of earnings to fixed charges | — | — | — | — | — | |||||||||||||||
Deficiency of earnings available to cover fixed charges | $ | 21,978,583 | $ | 58,263,859 | $ | 41,227,305 | $ | 22,490,577 | $ | 9,859,352 | ||||||||||
| Note: | The Ratio of Earnings to Fixed Charges should be read in conjunction with the Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations incorporated by reference in this Registration Statement. |