.
.
.
EXHIBIT 12.1
ALLIANCE LAUNDRY HOLDINGS INC.
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands) Pro forma
----------------------------
Three Months Year Ended 3 Months Ended
Year Ended December 31, Ended March 31, December 31, March 31,
---------------------------------------------------- ------------------- ----------------------------
1999 2000 2001 2002 2003 2003 2004 2003 2004
-------- -------- -------- -------- -------- -------- -------- -------- --------
Earnings:
Income before taxes $ 5,081 $ (4,581) $ 2,764 $ 1,391 $ 15,974 $ 1,185 $ 4,268 9,182 3,336
Fixed Charges:
Interest expense 31,509 35,947 33,538 28,341 28,258 7,685 7,110 31,930 7,990
Rentals 556 663 363 337 352 88 97 352 97
-------- -------- -------- -------- -------- -------- -------- -------- --------
32,065 36,610 33,901 28,678 28,610 7,773 7,207 32,282 8,087
Income before taxes
and fixed charges $ 37,146 $ 32,029 $ 36,665 $ 30,069 $ 44,584 $ 8,958 $ 11,475 $ 41,464 $ 11,423
Ratio of earnings
to fixed charges (a) 1.2 -- 1.1 1.1 1.6 1.2 1.6 1.3 1.4
(a) For purposes of determining the ratio of earnings to fixed charges,
earnings are defined as income (loss) before income taxes and cumulative
effect of change in accounting principle plus fixed charges. Fixed charges
include interest expense on all indebtedness, amortization of deferred
financing costs and one-third of rental expense on operating leases,
representing that portion of rental expense deemed to be attributable to
interest. In 2000, earnings were inadequate to cover fixed charges. The
amount of earnings required to attain a ratio of 1.0 to 1.0 is $4.6
million.