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Previous: LDM TECHNOLOGIES INC, 10-K405, 2000-12-15 |
Next: LDM TECHNOLOGIES INC, 10-K405, EX-21, 2000-12-15 |
<PAGE> 1
EXHIBIT 11
LDM Technologies, Inc.
Computation of Ratio of Earnings to Fixed Charges
(thousands of dollars, except ratios)
<TABLE>
<CAPTION>
1996 1997 1998 1999 2000
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
Earnings available for fixed charges:
Income from continuing operations before income
taxes, minority interest and extraordinary item $5,109 $ 5,008 $ (7,884) $ 2,044 $ 1,592
Interest, including amortization of debt issuance cost 4,060 11,388 19,999 21,067 19,955
Less, interest capitalized during the year (780) (312) (185) (706) (351)
Amortization of capitalized interest 16 84 103 174 209
Portion of operating lease rentals deemed to be interest 600 701 2,122 2,210 1,766
------ -------- -------- -------- --------
Total earnings available for fixed charges: $9,005 $ 16,869 $ 14,155 $ 24,789 $ 23,171
====== ======== ======== ======== ========
Fixed charges:
Interest, including amortization of debt issuance cost $4,060 $ 11,388 $ 19,999 $ 21,067 $ 19,955
Portion of operating lease rentals deemed to be interest 600 701 2,122 2,210 1,766
------ -------- -------- -------- --------
Total fixed charges $4,660 $ 12,089 $ 22,121 $ 23,277 $ 21,721
====== ======== ======== ======== ========
Ratio of earnings to fixed charges 1.9 1.4 .6 1.1 1.1
====== ======== ======== ======== ========
</TABLE>
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