Exhibit 12.1
Carrols Corporation
Schedule of Computation of
Ratio of Earnings to Fixed Charges
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Year Ended December 31,
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1994 1995 1996 1997 1998
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(Dollars in Thousands)
Income (loss) before income taxes
and extraordinary loss $ (1,666) $ 5,100 $ 6,283 $ 2,813 $ 8,977
Fixed Charges:
Interest on Indebtedness 14,456 14,500 14,209 14,598 21,068
Interest Component of Operating Rent 3,379 3,699 3,869 5,096 8,812
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Income (loss) before income taxes and
extraordinary loss and fixed charges 16,169 23,299 24,351 22,507 38,857
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Total Fixed Charges 17,835 18,199 18,068 19,694 29,880
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Ratio of Earnings to Fixed Charges 0.9 X 1.3 X 1.3 X 1.1 X 1.3 X
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Deficiency of earnings to fixed charges (1,666)
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