EXHIBIT 12.1
Compass Aerospace Corporation
Statements re Computation of Ratio of Earnings to Fixed Charges
The ratio of earnings to fixed charges has been calculated by dividing
income before income taxes and fixed charges by fixed charges. Fixed charges
consist of interest expense and one third of operating rental expense, which
management believes is representative of the interest component of rental
expenses.
Compass Aerospace
Corporation Brittain Machine, Inc.(1)
for the for the for the years ended June 30
Year Ended 36 Days Ended for the period from
December 31, December 31, June 30, 1997 to
1998 1997 April 21, 1998 1997 1996 1995 1994
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Fixed Charges
Interest (income) expense, net 8,493 166 385 398 403 359 293
Interest portion of Net Rental 416 53 17 52 40 42 42
Expense
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Total Fixed Charges 8,909 219 402 450 443 401 335
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Earnings
Income (loss) before taxes 2,347 117 7,879 6,114 4,383 (414) 3,154
Fixed Charges 8,909 219 402 450 443 401 335
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Total Adjusted Earnings 11,256 336 8,281 6,564 4,826 (13) 3,489
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Ratio of earnings to fixed charges 1.3 1.5 20.6 14.6 10.9 (0.0) 10.4
========================== ========================================================
for the Six for the Six
Months Ended Months Ended
June 30, 1999 June 30, 1999
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Fixed Charges
Interest (income) expense, net 9,932 2,370
Interest portion of Net Rental 412 173
Expense
--------------------------------
Total Fixed Charges 10,344 2,453
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Earnings
Income (loss) before taxes (3,399) 1,505
Fixed Charges 10,344 2,543
--------------------------------
Total Adjusted Earnings 6,945 4,048
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Ratio of earnings to fixed charges 0.7 1.6
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(1) Brittain Machine, Inc. is included as the predecessor of Compass Aerospace
Corporation.