Exhibit 12.4
SALTON SEA ROYALTY COMPANY
Ratio of Earnings to Fixed Charges
(Amounts in Thousands, except ratio)
Three Months Ended
March 31, Year Ended
---------------------------- December 31,
1996 1995 1995
------ ---- ------------
Pre-tax income from continuing operations 1,306 2,385 5,565
Capitalized interest, net of amortization
-------- -------- --------
1,306 2,385 5,565
Fixed Charges:
Interest expense and amortization of
deferred finance charges on all indebtedness 1,358 1,540 4,757
Interest portion of lease rentals -------- -------- --------
Total fixed charges 1,358 1,540 4,757
-------- -------- --------
Earnings before income taxes, and fixed charges 2,664 3,925 10,322
======== ======== ========
Ratio of earnings to fixed charges 1.962 2.549 2.170