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Previous: AVIATION GROUP INC, S-4/A, EX-10.63, 2000-10-31 |
Next: AVIATION GROUP INC, S-4/A, EX-23.4, 2000-10-31 |
<PAGE>
Exhibit 12.1
<TABLE>
<CAPTION>
Aviation Group, Inc.
- Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
(000's omitted)
6/30/00 6/30/99 6/30/98 6/30/97 6/30/96
------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C>
Earnings
--------
Pre tax income (loss) -- continuing operations (6,933) (1,597) (1,353) (497)* 68**
Fixed charges 983 476 264 193 71
Amortization of capitalized interest 0 0 0 0 0
Distributed income of equity investees 0 0 0 0 0
Pre-tax losses of equity investees 0 0 0 0 0
____ ____ _____ _____ _____
(5,950) (1,121) (1,089) (304) 139
Less: Interest capitalized, preference
security dividend requirements, and
minority interests 0 0 0 0 0
_____ _____ _____ _____ ____
Total Earnings (5,950) (1,121) (1,089) (304) 139
</TABLE>
* Nine months ended March 97
** Nine months ended June 96
<PAGE>
<TABLE>
<CAPTION>
6/30/00 6/30/99 6/30/98 6/30/97 6/30/96
------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C>
Fixed Charges
-------------
Interest expensed and capitalized 680 461 200 153 71
Amortized premiums, discounts and
capitalized expenses on debt 303 16 64 40 0
Interest within rent expense 0 0 0 0 0
Preferred stock dividend requirements 0 0 0 0 0
______ ______ ______ ______ _____
Total fixed charges 983 476 264 193 71
Deficiency of earnings to fixed charges 6,933 1,597 1,353 497
Ratio of earnings to fixed charges and
Preferred stock dividends 1.96
</TABLE>
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