Exhibit 12.1
GOODRICH PETROLEUM CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Year ended December 31, | ||||||||||||||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense | $ | 1,109,902 | $ | 1,051,198 | $ | 985,185 | $ | 1,290,681 | $ | 4,390,331 | ||||||||||||||
1,109,902 | 1,051,198 | 985,185 | 1,290,681 | 4,390,331 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) before income taxes | 16,071,192 | 6,043,870 | (1,457,383 | ) | 3,445,640 | 3,476,737 | ||||||||||||||||||
Plus: fixed charges | 1,109,902 | 1,051,198 | 985,185 | 1,290,681 | 4,390,331 | |||||||||||||||||||
$ | 17,181,094 | $ | 7,095,068 | $ | (472,198 | ) | $ | 4,736,321 | $ | 7,867,068 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 15.48 | 6.75 | (0.48 | ) | 3.67 | 1.79 | ||||||||||||||||||