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Previous: MADISON RIVER CAPITAL LLC, S-4/A, EX-10.24, 2000-06-23 |
Next: MADISON RIVER CAPITAL LLC, S-4/A, EX-23.1, 2000-06-23 |
<PAGE>
Exhibit 12.1
Exhibit 12.1 Madison River Capital, LLC Computation of Ratio of Earnings to
Fixed Charges (Dollars in thousands)
<TABLE>
<CAPTION>
Three Months
Year Ended December 31, Ended March 31,
---------------------------------------------------------------------- ---------------
1995 1996 1997 1998 1999 2000
----------------- -----------------
Madison Madison Madison Madison Madison
Mebcom Mebcom River Mebcom River River River River
------ ------ ------- ------ ------- ------- ------- ---------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Income (loss) before income taxes 846 874 (436) 1,282 (973) (2,882) (13,565) (10,257)
Fixed charges:
Interest expense 442 428 16 409 31 3,893 22,443 12,205
Amortization of debt expense - - - - - - 49 73
Rental expense - - - - - - - -
Total fixed charges (denominator) 442 428 16 409 31 3,893 22,492 12,278
Earnings (numerator) 1,288 1,302 (420) 1,691 (942) 1,011 8,927 2,021
Ratio of earnings to fixed charges 2.9 3.0 - 4.1 - - - -
Insufficiency of earnings to cover
fixed charges - - 436 - 973 2,882 13,565 10,257
</TABLE>
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