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Previous: FUELCELL ENERGY INC, S-3, EX-5.1, 2000-11-01 |
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EXHIBIT 12.1
<TABLE>
<CAPTION>
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO
FIXED CHARGES
------------------------------------------------------------------------------------------------------
IN $(000'S)
9 months
Ended FYE FYE FYE FYE FYE
Description July 2000 10/31/99 10/31/98 10/31/97 10/31/96 10/31/95
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
EARNINGS:
Pre-tax operating income (4,267) (2,247) (1,045) 69 514 438
Fixed Charges 106 169 269 409 503 508
Amortization of capitalized interest 10 13 23 34 46 43
Capitalized Interest -- -- -- (55) -- (49)
------ ------ ------ ---- ----- ----
Total Earnings (4,151) (2,065) (753) 457 1,063 940
------ ------ ------ ---- ----- ----
Fixed Charges 106 169 269 409 503 508
Ratio of earnings to fixed charges n/a n/a n/a 1.1 2.1 1.9
Coverage deficiency 106 169 269 -- -- --
FIXED CHARGES:
Interest expense 106 169 269 354 503 459
Capitalized interest -- -- -- 55 -- 49
------ ------ ------ ---- ----- ----
Total fixed charges 106 169 269 409 503 508
------ ------ ------ ---- ----- ----
</TABLE>
43
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