1
Exhibit 12.1
Worldtex, Inc.
Computation of Ratio of Earnings to Fixed Charges
- --------------------------------------------------------------------------
1996 1995 1994 1993 1992
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(Dollars in thousands)
Income before
income taxes $17,361 $10,231 $8,868 $11,490 $11,613
Plus:
Interest expense 5,826 5,693 3,951 3,298 7,285
Capitalized interest 0 0 0 0 0
Portion of
rental expense
representative
of interest
expense 779 518 342 364 324
------- ------- ------- ------- -------
Total Earnings $23,966 $16,442 $13,161 $15,152 $19,222
Fixed charges:
Interest expense $ 5,826 $ 5,693 $ 3,951 $ 3,298 $ 7,285
Portion of
rental expense
representative
of interest
expense 779 518 342 364 324
--- --- --- --- ---
Total fixed charges $ 6,605 $ 6,211 $ 4,293 $ 3,662 $ 7,609
Ratio of earnings
to fixed charges 3.63x 2.65x 3.07x 4.14x 2.53x
E.C.A., Inc.
Computation of Ratio
of Earnings to
Fixed Charges
- --------------------------------------------------------------------------
1996 1995 1994
- --------------------------------------------------------------------------
(Dollars in thousands)
Income before $6,492 $5,629 $5,293
income taxes
Plus:
Interest expense 814 1,147 1,001
Capitalized interest 0 0 0
Portion of
rental expense
representative
of interest
expense 422 499 172
----- ----- -----
Total Earnings $7,728 $7,275 $6,466
Fixed charges:
Interest expense $ 814 $1,147 $1,001
Portion of
rental expense
representative
of interest
expense 422 499 172
------ ------ ------
Total fixed charges $1,236 $1,646 $1,173
Ratio of earnings
to fixed charges 6.25x 4.42x 5.51x