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Previous: TRANSTEXAS GAS CORP, S-1/A, EX-10.64, 2000-09-26 |
Next: TRANSTEXAS GAS CORP, S-1/A, EX-12.2, 2000-09-26 |
<PAGE> 1
EXHIBIT 12.1
TransTexas Gas Corporation
Ratio of Earnings to Fixed Charges
(in thousands of dollars)
<TABLE>
<CAPTION>
Six Months
Ended Year Ended
Year Ended January 31, January 31, July 31,
-------------------------------------------------- ----------- ----------
2000 1999 1998 1997 1996 1995
---------- ---------- ---------- ---------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Income (loss) before income taxes $ 2,825 $ (485,473) $ 461,913 $ 95,816 $ (1,188) $ (14,307)
Add:
Interest expense, net of amounts 38,526 79,921 80,580 97,007 43,370 68,508
capitalized
Portion of rental expense representative
of an interest factor 1,046 881 1,057 686 337 530
---------- ---------- ---------- ---------- ---------- ----------
Earnings (A) $ 42,397 $ (404,671) $ 543,550 $ 193,509 $ 42,519 $ 54,731
========== ========== ========== ========== ========== ==========
Fixed charges: $ 41,245 $ 89,617 $ 97,232 $ 112,895 $ 50,751 $ 69,391
Total interest
Portion of rental expense representative
of an interest factor 1,046 881 1,057 686 337 530
---------- ---------- ---------- ---------- ---------- ----------
Fixed charges (B) $ 42,291 $ 90,498 $ 98,289 $ 113,581 $ 51,088 $ 69,921
========== ========== ========== ========== ========== ==========
Ratio of earnings to fixed charges (A/B) 1.0 -- 5.5 1.7 -- --
========== ========== ========== ========== ========== ==========
Earnings inadequate to cover fixed charges $ -- $ 495,169 $ -- $ -- $ 8,569 $ 15,190
========== ========== ========== ========== ========== ==========
</TABLE>
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