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EXHIBIT 12.1
PHONETEL TECHNOLOGIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Year Ended December 31, 1995 Nine Months Ended
September 30
Pro Forma for
1995 and 1996
Pro Forma for Acquisitions,
1995 and 1996 Pending
Acquisitions, Acquisitions,
Year Ended December 31 Concurrent Concurrent
---------------------------------- Offering and Offering and
1993 1994 1995 Offering Offering 1995 1996
--------- ---------- ---------- --------------- ------------- ----------- ------------
Pre-tax loss from
continuing operations (778,875) (1,695,122) (6,109,697) (21,056,716) (24,033,752) (3,537,757) (12,980,078)
Fixed Charges:
Interest expense 174,994 388,215 836,911 12,019,656 15,169,633 304,105 4,139,663
Rentals:
Operating leases-
buildings, vehicles and
equipment - 33% 87,242 110,545 120,097 120,097 120,097 90,072 156,477
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Total fixed charges 262,236 498,760 957,008 12,139,753 15,289,730 394,177 4,296,140
Loss before income
taxes and fixed charges (516,639) (1,196,362) (5,152,689) (8,916,963) (8,744,022) (3,143,580) (8,683,938)
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Ratio of earnings to
fixed charges (2.0) (2.4) (5.4) (0.7) (0.6) (8.0) (2.0)
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Earnings did not cover
fixed charges by - 778,875 1,695,122 6,109,697 21,056,716 24,033,752 3,537,757 12,980,078
Pro Forma
for 1996
Pro Forma Acquisitions
for 1996 Pending
Acquisitions, Acquisitions
Concurrent Concurrent
Offering and Offering and
Offering Offering
-------------- --------------
Pre-tax loss from
continuing operations (16,951,007) (22,345,144)
Fixed Charges:
Interest expense 8,426,820 10,526,820
Rentals:
Operating leases-
buildings, vehicles and
equipment - 33% 156,477 156,477
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Total fixed charges 8,583,297 10,683,297
Loss before income
taxes and fixed charges (8,367,710) (11,661,847)
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Ratio of earnings to
fixed charges (1.0) (1.1)
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Earnings did not cover
fixed charges by - 16,951,007 22,345,144