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Previous: METRIS COMPANIES INC, S-3, EX-5.1, 2000-09-29 |
Next: METRIS COMPANIES INC, S-3, EX-12.4, 2000-09-29 |
<PAGE>
EXHIBIT 12.3
METRIS COMPANIES INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(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
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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Total fixed charges 55,430 21,146
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Total available earnings $ 221,297 $ 104,301
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Ratio of earnings to fixed charges 3.99 4.93
(1) As defined in Item 503(d) of Regulation S-K.
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