EXHIBIT 12.1
PRECISE TECHNOLOGY, INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND 1996 AND
FOR THE YEARS ENDED DECEMBER 31, 1996, 1995, 1994, 1993 AND 1992
(DOLLARS IN THOUSANDS)
Unaudited Three
Months ended Unaudited
Year ended December 31, March 31, Pro Forma
-------------------------------------------------------- ------------------ Year Ended
December 31
1992 1993 1994 1995 1996 1996 1997 1996
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Earnings before fixed charges:
Net income (loss) $ 409 $ 421 $ 950 $1,275 $ 466 $ 287 $ 150 $ (423)
Provision for income taxes -- 66 574 941 1,265 245 304 578
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Income before income taxes 409 487 1,524 2,216 1,731 532 454 155
Interest expense 703 706 956 810 5,559 261 1,690 9,897
Interest portion of rental
expenses 75 88 124 103 304 76 84 304
Current period interest
amortization of interest
capitalized in prior periods -- -- -- 2 2 -- -- 2
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Earnings before fixed charges 1,187 1,281 2,604 3,131 7,596 869 2,228 10,358
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Fixed charges
Interest expense 703 706 956 810 5,559 261 1,690 9,897
Interest portion of rental
expenses 75 88 124 103 304 76 84 304
Interest capitalized during
the period -- -- 17 -- -- -- -- --
------ ------ ------ ------ ------ ------ ------ ------
Total fixed charges 778 794 1,097 913 5,863 337 1,774 10,201
Excess of earnings to fixed
charges $ 409 $ 487 $1,507 $2,218 $1,733 $ 532 $ 454 $ 157
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Ratio of Earnings to fixed
charges 1.5x 1.6x 2.4x 3.4x 1.3x 2.6x 1.3x 1.0x
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