|
|
|
|
|
|
|
|
|
|
Previous: PRIME SUCCESSION INC, 10-Q, EX-10.9, 2000-11-14 |
Next: PRIME SUCCESSION INC, 10-Q, EX-27, 2000-11-14 |
<PAGE> 1
Exhibit 12
Prime Succession, Inc. and subsidiaries
(Debtors-in-Possession)
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
September 30, September 30,
------------- -------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Ratio of Earnings to Fixed Charges
Earnings:
Loss before income taxes $(8,758) $(4,079) $(20,033) $(6,301)
Add: Fixed charges, net 7,158 6,616 20,826 18,966
Income (loss) before income taxes and fixed (1,600) 2,537 793 12,665
charges, net
Fixed Charges:
Total interest (1) 6,857 6,351 19,913 18,206
Interest factor in rents(2) 301 265 913 760
Total fixed charges 7,158 6,616 20,826 18,966
Ratio of earnings to fixed charges (0.22) 0.38 0.04 0.67
Coverage deficiency (3) 8,758 4,079 20,033 6,301
</TABLE>
FN
(1) Total interest expense for each period includes amortization of loan
costs.
(2) Interest factor in rents represents one-third of rent expense, which is
considered representative of the interest factor.
(3) The Company's earnings are inadequate to cover fixed charges for all
periods presented. Coverage deficiency represents the excess of fixed
charges over income before income taxes and fixed charges, net.
23
|
|