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Exhibit 12.1
MITCHAM INDUSTRIES, INC.
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges
Years Ended January 31, | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Income before income taxes | $ | 6,794 | $ | 639 | $ | 12,155 | $ | 16,927 | $ | 7,457 | ||||||||||
Fixed charges (as outlined below) | 756 | 629 | 281 | 208 | 151 | |||||||||||||||
Total earnings, as defined. | $ | 7,550 | $ | 1,268 | $ | 12,436 | $ | 17,135 | $ | 7,608 | ||||||||||
Fixed Charges | ||||||||||||||||||||
Interest | $ | 756 | $ | 629 | $ | 281 | $ | 208 | $ | 151 | ||||||||||
Ratio of earnings to fixed charges | 9.99 | 2.02 | 44.26 | 82.38 | 50.38 |