Exhibit 12.1
Triad Hospitals, Inc
Computation of Ratios of Earnings to Fixed Charges
For the For the
Six Months Six Months
Ended Ended
June 30, June 30, For the Years Ended December 31,
1999 1998 1998 1997 1996 1995 1994
Earnings:
Income from continuing operations before
minority interests and income taxes $ (58.2) $ (14.3) $ (113.9) $ (14.7) $ 127.3 $ 143.3 $ 90.1
Fixed charges, exclusive of capitalized interest 38.0 40.2 82.4 73.6 64.5 47.6 38.7
--------------------------------------------------------------------------
Income as adjusted $ (20.2) $ 25.9 $ (31.5) $ 58.9 $ 191.8 $ 190.9 $ 128.8
==========================================================================
Fixed Charges:
Interest charged to expense $ 32.1 $ 33.4 $ 68.9 $ 60.5 $ 52.0 $ 36.6 $ 30.7
Portion of rents representative of interest 5.9 6.8 13.5 13.1 12.5 11.0 8.0
--------------------------------------------------------------------------
38.0 40.2 82.4 73.6 64.5 47.6 38.7
Interest expense included in cost of plant construction 1.9 0.9 1.7 0.4 0.6 0.6 0.3
--------------------------------------------------------------------------
$ 39.9 $ 41.1 $ 84.1 $ 74.0 $ 65.1 $ 48.2 $ 39.0
==========================================================================
Ratios of Earnings to Fixed Charges (A) (A) (A) (A) 3.0 4.0 3.3
==========================================================================
(A) Triad's earnings were insufficient to cover fixed charges by $60.1 million
and $15.2 million for the six months ended June 30, 1999 and 1998,
respectively, and $115.6 million and $15.1 million for the years ended
December 31, 1998 and 1997, respectively