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 December 31 December 31, March 31,
------------------------------------------------ --------------- -----------
2000 1999 1998 1997 1996 1996
Earnings
Income before $ 11,695 $16,552 $23,900 $18,538 $7,614 $644
Income taxes
Fixed charges 17,424 11,294 860 1,504 1,953 211
--------- --------- --------- --------- --------- ------
Total Earnings $ 29,119 $27,846 $24,760 $20,042 $9,567 $855
========= =======================================================================
Fixed Charges
Interest $ 16,779 $10,675 $373 $1,065 $1,638 $152
Implicit rental 645 619 487 439 315 59
Interest expense
--------- -------- --------- -------- ------ ----
Total Fixed Charges $ 17,424 $11,294 $860 $1,504 $1,953 $211
========= =======================================================================
Ratio of Earnings to Fixed
Charges 1.7x 2.5x 28.8x 13.3x 4.9x 4.1x