EX-12
STATEMENT RE COMPUTATION OF RATIOS
DTI Holdings, Inc
Computation of Ratio of Earnings to Fixed Charges
<TABLE>
<CAPTION>
-------------------------------------------------- ---------------------------------------------------------
Fiscal Year Ended
-------------------------------------------------- ---------------- -------------------- -------------------
Selected Historical Data: Earnings were
calculated as follows: 1998 1999 2000
-------------------------------------------------- ---------------- -------------------- -------------------
<S> <C> <C> <C>
Loss before income taxes $(11,442,512) $ (31,716,247) $ (55,047,199)
-------------------------------------------------- ---------------- -------------------- -------------------
Add: Fixed charges 13,122,333 39,762,863 46,227,914
-------------------------------------------------- ---------------- -------------------- -------------------
Deduct: Capitalized interest (848,000) (7,582,420) (7,748,681)
-------------------------------------------------- ---------------- -------------------- -------------------
Earnings 831,821 464,196 (16,567,966)
-------------------------------------------------- ---------------- -------------------- -------------------
Fixed charges were calculated as follows:
-------------------------------------------------- ---------------- -------------------- -------------------
Interest expense 11,545,559 29,836,268 34,948,671
-------------------------------------------------- ---------------- -------------------- -------------------
Amortization of deferred financing costs 509,869 1,657,870 1,853,811
-------------------------------------------------- ---------------- -------------------- -------------------
Portion of rentals attributable to interest (one 218,905 686,305 1,676,751
third of lease payments)
-------------------------------------------------- ---------------- -------------------- -------------------
Loan commitment fees 0 0 0
-------------------------------------------------- ---------------- -------------------- -------------------
Capitalized interest 848,000 7,582,420 7,748,681
-------------------------------------------------- ---------------- -------------------- -------------------
Fixed charges 13,122,333 39,762,863 46,227,914
-------------------------------------------------- ---------------- -------------------- -------------------
Ratio fixed earnings to fixed charges n/a n/a n/a
-------------------------------------------------- ---------------- -------------------- -------------------
Deficiency 12,290,512 39,298,667 62,795,880
-------------------------------------------------- ---------------- -------------------- -------------------
</TABLE>
