<Page> CASELLA WASTE SYSTEMS, INC. STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (IN THOUSANDS, EXCEPT RATIOS) <Table> <Caption> YEAR ENDED APRIL 30, ----------------------------------------------------- SIX MONTHS ENDED OCTOBER 31, 2000 2001 2002 2003 2004 2004 -------- -------- --------- -------- -------- ---------------- Income (loss) from continuing operations before income taxes, discontinued operations, extraordinary item and cumulative effect of change in accounting principle......................... $21,857 $(114,127) $ 15,936 $ 7,871 $ 3,759 $11,261 Minority interests.................. 502 1,026 (154) (152) -- -- Gain/loss in equity method investees......................... 1,062 26,256 (1,899) (2,073) (2,261) (927) Distributed income of equity method investees......................... -- -- 500 2,000 -- -- Fixed charges....................... 18,182 42,644 33,606 28,708 27,496 15,536 Less: interest capitalized.......... (640) (373) (437) (719) (356) (219) ------- -------- --------- ------- ------- ------- Earnings............................ $40,963 $(44,574) $ 47,552 $35,635 $28,638 $25,651 ======= ======== ========= ======= ======= ======= Interest expense (includes amort. of def. financing charges)........... $16,889 $ 41,397 $ 31,259 $26,354 $25,500 $14,497 Estimate of interest within rental expense........................... 653 874 1,910 1,635 1,640 820 Interest capitalized................ 640 373 437 719 356 219 ------- -------- --------- ------- ------- ------- Fixed charges....................... $18,182 $ 42,644 $ 33,606 $28,708 $27,496 $15,536 ======= ======== ========= ======= ======= ======= Ratio of earnings to fixed charges........................... 2.25 -- 1.41 1.24 1.04 1.65 Deficiency of earnings to fixed charges........................... $ -- $(87,218) $ -- $ -- $ -- $ -- Fixed charges from above............ $18,182 $ 42,644 $ 33,606 $28,708 $27,496 $15,536 Preferred stock dividends........... -- 2,402 4,450 6,001 2,271 3,010 ------- -------- --------- ------- ------- ------- Combined fixed charges and preferred stock dividends................... $18,182 $ 45,046 $ 38,056 $34,709 $29,767 $18,546 ======= ======== ========= ======= ======= ======= Ratio of earnings to combined fixed charges and preferred stock dividends......................... 2.25 -- 1.25 1.03 -- 1.38 Deficiency of earnings to combined fixed charges and preferred stock dividends......................... $ -- $(89,620) $ -- $ -- $(1,129) $ -- </Table>