Exhibit 12.1
Holmes Products Corp.
Computation of Ratio of Earnings to Fixed Charges
Dollars in thousands, except for Ratio
Nine Months Pro Forma
Year ended December 31, Ended September 30, Twelve Months
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Pro forma Pro forma September 30,
1992 1993 1994 1995 1996 1996(1) 1996 1997 1997(1) 1997(1)
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Income (loss) before income
taxes and minority interest (2) $2,921 $2,956 $7,730 $6,370 $9,416 $3,821 $3,493 $4,490 $ (56) $5,203
Fixed charges:
Interest expense and amortization
of debt discount on all
indebtedness $ 980 $1,215 $2,104 $5,231 $6,570 $14,798 $5,072 $4,850 $10,828 $14,372
Portion of rental expense
representing interest 194 270 567 813 1,021 1,021 684 613 613 1,028
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Total fixed charges, as defined $1,174 $1,485 $ 2,671 $ 6,044 $ 7,591 $ 15,819 $ 5,756 $5,463 $ 11,441 $15,400
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Income before income taxes, minority
interest and fixed charges, as
defined $4,095 $4,441 $10,401 $12,414 $17,007 $ 19,640 $ 9,249 $9,953 $ 11,385 $20,603
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Ratio of earnings to fixed charges 3.5 3.0 3.9 2.1 2.2 1.2 1.6 1.8 1.0 1.3
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(1) The Pro Forma amounts reflect the ratio of earnings to fixed charges as if
the transactions and employment agreements described in the Prospectus
comprising part of this Registration Statement had been entered into at the
beginning of the periods presented.
(2) The minority interest is in a subsidiary with fixed charges.