Exhibit 12.1
WASTE SYSTEMS INTERNATIONAL, INC
STATEMENT RE COMPUTATION OF RATIOS
(DOLLARS IN THOUSANDS)
Three months ended For the year ended
March 31, December 31,
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1999 1998 1998 1997 1996
Historical ratio of earnings to fixed charges
Loss from continuing operations before taxes
per consolidated statement of operations $(8,473) $(1,107) $(6,206) $(5,449) $(11,652)
Add:
Portion of rents representative of the
interest factor 67 23 90 70 70
Interest on indebtedness including the
amortization of debt expense (1) 2,006 434 4,074 1,355 1,182
Loss before fixed charges, as adjusted $(6,400) $ (650) $(2,042) $(4,024) $(10,400)
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Fixed charges
Interest on indebtedness including the
amortization of debt expense (1) $ 2,006 $ 434 $ 4,074 $ 1,355 $ 1,182
Rents 201 69 270 210 210
Portion of rents representative of the
interest factor (2) 67 23 90 70 70
Fixed charges (1) + (2) 2,073 457 4,164 1,425 1,252
Ratio of loss to fixed charges (3.09) (1.42) (0.49) (2.82) (8.31)
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