EX-12.1 5 d267319dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

EZCORP, INC.

Computation of Ratio Earnings to Fixed Charges

 

     Fiscal Years Ended September 30,  
     2011     2010     2009     2008     2007  
     (In thousands)  

Earnings:

           

Income before income taxes

    $ 188,711      $ 151,530      $ 105,312      $ 78,071      $ 59,927   

Less equity in net income of unconsolidated affiliates

      (16,237 )      (10,750 )      (5,016 )      (4,342 )      (2,945 ) 

Plus fixed charges

      3,472        982        2,182        417        138   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Earnings

      175,946        141,762        102,478        74,146        57,120   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges:

           

Interest expense included in earnings (a)

      1,690        1,385        1,425        420        281   

Amortization of deferred financing costs

      (615 )      (403 )      (296 )      (140 )      (143 ) 

Capitalized deferred financing costs

      2,397        —          1,053        137        —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

      3,472        982        2,182        417        138   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Ratio of Earnings to Fixed Charges

      50.68x        144.36x        46.97x        177.97x        412.51x   

 

(a) Includes amortization of deferred financing costs.