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Exhibit 12.1
MITCHAM INDUSTRIES, INC.
RATIOOF EARNINGSTO FIXED CHARGES
Year Ended January 31, | ||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||
Earnings | ||||||||||||||||||||
(Loss) Income before income taxes | $ | (10,186 | ) | $ | 6,026 | $ | 13,524 | $ | 34,330 | $ | 6,794 | |||||||||
Fixed charges (as outlined below) | 902 | 314 | 533 | 740 | 756 | |||||||||||||||
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Total earnings, as defined | $ | (9,284 | ) | $ | 6,340 | $ | 14,057 | $ | 35,070 | $ | 7,550 | |||||||||
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Fixed Charges | ||||||||||||||||||||
Interest | $ | 902 | $ | 314 | $ | 533 | $ | 740 | $ | 756 | ||||||||||
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Ratio of (losses) earnings to fixed charges | (10.29 | ) | 20.19 | 26.37 | 47.39 | 9.99 |