EXHIBIT 12.1
DURA AUTOMOTIVE SYSTEMS, INC.
STATEMENT AND COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEARS ENDED DECEMBER 31,
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1998
1994 1995 1996 1997 1998 PRO FORMA
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EARNINGS:
Pre-tax income.................... $ 4,402 $12,738 $16,737 $28,312 $ 50,989 $ 73,209
Fixed charges..................... 3,773 5,229 3,597 10,528 27,447 98,634
Less: Preferred stock dividends.. - - - - (3,234) (4,144)
Less: Capitalized interest....... - - - - (262) (262)
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Net fixed charges.............. 3,773 5,229 3,597 10,528 23,951 94,228
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EARNINGS.......................... $ 8,175 $17,967 $20,334 $38,840 $ 74,940 $167,437
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FIXED CHARGES:
Interest expense.................. $ 3,473 $ 4,822 $ 2,837 $ 9,330 $ 21,376 $ 90,066
Preferred stock dividends......... - - - - 3,234 4,144
Capitalized interest.............. - - - - 262 262
Amortization of debt costs........ - - 252 329 865 1,100
Interest factor of rental expense. 300 407 508 869 1,710 3,062
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TOTAL FIXED CHARGES............... $ 3,773 $ 5,229 $ 3,597 $10,528 $ 27,447 $ 98,634
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RATIO OF EARNINGS TO FIXED CHARGES 2.2 3.4 5.7 3.7 2.7 1.7
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THREE MONTHS ENDED MARCH 31,
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1999
1998 1999 PRO FORMA
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EARNINGS:
Pre-tax income.................... $ 7,926 $19,005 $ 26,469
Fixed charges..................... 3,364 8,559 25,955
Less: Preferred stock dividends.. (127) (1,018) (1,018)
Less: Capitalized interest....... - - -
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Net fixed charges.............. 3,237 7,541 24,937
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EARNINGS.......................... $11,163 $26,546 $ 51,406
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FIXED CHARGES:
Interest expense.................. $ 2,938 $ 6,895 $ 23,896
Preferred stock dividends......... 127 1,018 1,018
Capitalized interest.............. - - -
Amortization of debt costs........ 82 216 275
Interest factor of rental expense. 217 430 766
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TOTAL FIXED CHARGES............... $ 3,364 $ 8,559 $ 25,955
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RATIO OF EARNINGS TO FIXED CHARGES 3.3 3.1 2.0
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