1
EXHIBIT 12.1
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
PREDECESSOR FISCAL FISCAL FISCAL
------------------------- YEAR YEAR YEAR
YEAR ENDED DECEMBER 31, ENDED ENDED ENDED
------------------------- DECEMBER 29, JANUARY 3, JANUARY 2,
1995 1996 1997 1999 2000
----------- ------- -------------- ----------------------------
Earnings before income taxes and
fixed charges:
Income from continuing operations
before income taxes $ 10,240 $ 6,620 $ (2,748) $ 5,839 $ 17,189
Add interest on indebtedness, net 1,470 1,310 12,400 16,906 21,141
Add amortization of debt expense - - - 510 695
Add estimated interest factor
for rentals 2,733 1,800 5,867 7,442 8,598
----------- ------- -------------- ----------- --------
Earnings before income taxes and
fixed charges $ 14,443 $ 9,730 $ 15,519 $ 30,697 47,623
=========== ======= ============== =========== ========
Fixed charges:
Interest on indebtedness $ 1,470 $ 1,310 $ 12,400 $ 16,906 $ 21,141
Amortization of debt expense - - 510 695
Estimated interest factor for rentals 2,733 1,800 5,867 7,442 8,598
----------- ------- -------------- ----------- --------
$ 4,203 $ 3,110 $ 18,267 $ 24,858 $ 30,434
=========== ======= ============== =========== ========
Ratio of earnings to fixed charges 3.4 3.1 (a) 1.2 1.6
(a) Earnings were insufficient to cover fixed charges by $2.7 million for the
fiscal year ended December 28, l997