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EXHIBIT 12.1
EXIDE ELECTRONICS GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLAR AMOUNTS IN THOUSANDS)
THREE MONTHS
FISCAL YEAR ENDING SEPTEMBER 30, ENDED
------------------------------------------------------- DECEMBER 31,
1991 1992 1993 1994 1995 1995
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EARNINGS:
Income (loss) before income
taxes and the cumulative
effect of accounting
change................... $(7,596) $ 9,159 $16,046 $13,459 $12,077 $ 666
Add:
Interest expense......... 4,749 5,090 4,421 5,417 5,575 1,497
One-third of rental
expense................ 2,194 2,185 2,388 2,593 2,703 676
Less:
Equity Method
(undistributed income
of less than 50% owner)
investees.............. 0 (70) 0 (6) (257) (11)
------- ------- ------- ------- ------- ------------
(653) 16,364 22,855 21,463 20,098 2,828
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FIXED CHARGES:
Interest expense............ 4,749 5,090 4,421 5,417 5,575 1,497
One-third of rental
expense.................. 2,194 2,185 2,388 2,593 2,703 676
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6,943 7,275 6,809 8,010 8,278 2,173
------- ------- ------- ------- ------- ------------
Fixed charges in excess of
earnings.................... $(7,596) $ 9,089 $16,046 $13,453 $11,820 $ 655
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Ratio......................... (0.1) 2.2 3.4 2.7 2.4 1.3
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For purposes of determining the ratio of earnings to fixed charges, earnings
consist of income before income taxes plus fixed charges minus the undistributed
earnings of Exide Electronics' 50%-owned subsidiary accounted for by the equity
method. Fixed charges consist of interest expense, which includes amortization
of deferred financing costs and one-third of rental expenses, representing that
portion of rental expenses attributable to interest. Earnings were inadequate to
cover fixed charges for the fiscal year ending September 30, 1991.