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EXHIBIT 12.4
METRIS COMPANIES INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
(DOLLARS IN THOUSANDS)
Six Months Ended June 30,
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2000 1999
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Earnings before income taxes and
extraordinary loss: (1) $165,867 $ 83,155
Preferred dividend requirement $ 15,368 $ 9,973
Ratio of earnings before tax expense to
net income 1.63 1.66
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Preferred dividends (2) $ 25,070 $ 16,539
Fixed Charges: (1)
Interest on indebtedness, and
amortization of debt expense 52,890 19,436
Interest factor of rental expense 2,540 1,710
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55,430 21,146
Total fixed charges and preferred
dividends 80,500 37,685
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Total available earnings $221,297 $104,301
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Ratio of earnings to fixed charges and
preferred dividends 2.75 2.77
(1) As defined in Item 503(d) of Regulation S-K.
(2) The preferred dividends were increased to amounts representing the pretax
earnings that would be required to cover such dividend requirements.
