EX-12.1 5 v229219_ex12-1.htm Unassociated Document
Exhibit 12.1
 
CPI AEROSTRUCTURES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

   
For the Three
Months Ended 
March 31,
    
For the Year Ended December 31,
  
   
2011
    
2010
    
2009
    
2008
    
2007
    
2006
  
                                     
Pretax income (loss) from operations
   $ 2,012,050     $ 542,896     $ 5,861,007     $ 3,853,613     $ 3,016,896     $ (1,922,006 )
                                                 
Fixed charges:
                                                
  Interest Expense
   $ 37,632     $ 158,406     $ 252,961     $ 31,847     $ 22,441     $ 20,326  
  Interest element of rentals     24,436       110,133       128,588       145,247       160,236       173,671  
Total Earnings
   $ 2,074,118     $ 811,435     $ 6,242,556     $ 4,030,707     $ 3,199,573     $ (1,728,009 )
                                                 
Ratio of earnings to fixed charges
     55.12       5.12       24.68       126.56       142.58    
(A)
  
 
 
(A)
Due to losses from continuing operations resulting in a deficiency of $1,922,006, the ratio coverage was less than 1:1.