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EXHIBIT 12.1
Hedstrom Holdings, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratio)
FISCAL YEAR ENDED JULY 31,
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1996 1995 1994 1993 1992
Consolidated net income (loss) $ (8,116) $ 745 $(2,961) $(1,916) $ 96
Loss from discontinued operations $ 0 $ 585 $ 3,180 $ 0 $ 0
Consolidated provision (benefit) for income taxes $ (3,857) $ 1,440 $ (663) $ 103 $ 257
Fixed charges $ 5,896 $ 4,573 $ 2,512 $ 2,982 $ 2,728
TOTAL $ (6,077) $ 7,343 $ 3,304 $ (67) $ 3,081
FIXED CHARGES $ 5,896 $ 4,573 $ 2,982 $ 2,512 $ 2,728
interest on debt and capitalized leases $ 5,896 $ 4,573 $ 2,982 $ 2,512 $ 2,728
TOTAL
RATIO (DEFICIENCY) OF EARNINGS TO FIXED CHARGES(A) $(11,973) 1.6x 1.1x $(2,579) 1.1x
Proforma
Six Months Ended Year Ended Five Months Ended
JUNE 30, DECEMBER 31, DECEMBER 31,
----------------- ---------------- ---------------------
1997 1996 1996 1995
Consolidated net income (loss) $ (26) $(3,552) $(4,771) $ (8,574)
Loss from discontinued operations $ 0 $ 0 $ 0
Consolidated provision (benefit) for income taxes $ 573 $ (764) $(2,869) $ (4,074)
Fixed charges $14,260 $28,493 $ 2,115 $ 1,773
TOTAL $14,807 $24,177 $(5,525) $(10,875)
FIXED CHARGES $14,260 $28,493 $ 2,115 $ 1,773
interest on debt and capitalized leases $14,260 $28,493 $ 2,115 $ 1,773
TOTAL
RATIO (DEFICIENCY) OF EARNINGS TO FIXED CHARGES(A) 1.0x $(4,316) $(7,640) $(12,648)
(A) If the ratio is less than 1.0x, the deficiency is shown