EXHIBIT 12.1
Cherokee International, LLC
Calculation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)
Nine Months Three Months
Ended Ended Year Ended
Year Ended December 31 December 31, March 31, December 31,
-------------------------------- --------------- -------------- --------------
1999 1998 1997 1996 1996 1995
Earnings
Income before income taxes $16,552 $23,900 $18,538 $7,614 $644 $528
Fixed charges 11,294 860 1,504 1,953 211 745
--------- --------- --------- --------- ------ -------
Total Earnings $27,846 $24,760 $20,042 $9,567 $855 $1,273
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Fixed Charges
Interest $10,675 $373 $1,065 $1,638 $152 $509
Implicit rental interest expense 619 487 439 315 59 236
--------- -------- --------- -------- ------ ----
Total Fixed Charges $11,294 $860 $1,504 $1,953 $211 $745
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Ratio of Earnings to Fixed Charges 2.5x 28.8x 13.3x 4.9x 4.1x 1.7x