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Previous: TRANSTEXAS GAS CORP, S-1/A, EX-12.2, 2000-09-26 |
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<PAGE> 1
EXHIBIT 12.3
TransTexas Gas Corporation
Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividend Payments
Six Months Ended July 31, 2000
(in thousands of dollars)
<TABLE>
<S> <C>
Income before income taxes $ 2,592
Add:
Interest expense, net of amounts capitalized 17,883
Portion of rental expense representative of an
interest factor 488
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Earnings (A) $ 20,963
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Fixed charges:
Total interest $ 24,817
Preferred stock dividend requirements 23,263
Portion of rental expense representative of an interest
factor 488
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Fixed charges (B) $ 48,568
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Ratio of earnings to fixed charges (A/B) --
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Earnings inadequate to cover fixed charges $ 27,605
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</TABLE>
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