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EXHIBIT 12
MSX INTERNATIONAL, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
PREDECESSOR FISCAL FISCAL
---------------------------------------------- YEAR SIX MONTHS
YEAR ENDED DECEMBER 31 ENDED ENDED
---------------------------------------------- DECEMBER 28, JUNE 28,
1993 1994 1995 1996 1997 1998
---------- ---------- ----------- --------- ---------- --------------
Earnings before income taxes and fixed charges:
Income from continuing operations
before income taxes $ 6,997 $ 8,540 $ 10,240 $ 6,620 $ (2,748) $ 1,697
Add interest on indebtedness, net 308 920 1,470 1,310 12,400 8,545
Add amortization of debt expense - - - - - 168
Add estimated interest factor
for rentals 2,054 1,800 2,733 1,800 5,867 2,942
------- -------- -------- ------- -------- --------
Earnings before income taxes and
fixed charges $ 9,359 $ 11,260 $ 14,443 $ 9,730 $ 15,519 $ 13,352
======= ======== ======== ======= ======== ========
Fixed charges:
Interest on indebtedness $ 308 $ 920 $ 1,470 $ 1,310 $ 12,400 $ 8,545
Amortization of debt expense - - - - - 168
Estimated interest factor for rentals 2,054 1,800 2,733 1,800 5,867 2,942
------- -------- -------- ------- -------- --------
$ 2,362 $ 2,720 $ 4,203 $ 3,110 $ 18,267 $ 11,655
======= ======== ======== ======= ======== ========
Ratio of earnings to fixed charges 4.0 4.1 3.4 3.1 (a) 1.1
(a) Earnings were insufficient to cover fixed charges by $2.7 million for the
fiscal year ended December 28, 1997
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