EX-12.1 4 ex_109295.htm EXHIBIT 12.1

ex_109295.htm

Exhibit 12.1

P.A.M. Transportation Services, Inc.

Statement of Computation of Ratio of Earnings to Fixed Charges

(In thousands, except ratios)

		Year Ended December 31,
		2017				2016				2015				2014				2013
Earnings:
Income from operations		$	12,680			$	19,928			$	36,230			$	23,010			$	11,506
Fixed charges			3,902				3,641				2,818				2,897				3,375
Total			16,582				23,569				39,048				25,907				14,881
Fixed charges:
Interest expense			3,902				3,641				2,818				2,897				3,375
Total		$	3,902			$	3,641			$	2,818			$	2,897			$	3,375
Ratio of earnings to fixed charges		4.25x				6.47x				13.86x				8.94x				4.41x