Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
COGENT COMMUNICATIONS GROUP
(000's)
| RATIO OF EARNINGS TO FIXED CHARGES |
YEAR ENDED 12/31/2001 |
YEAR ENDED 12/31/2002 |
YEAR ENDED 12/31/2003 |
YEAR ENDED 12/31/2004 |
YEAR ENDED 12/31/2005 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FIXED CHARGES | ||||||||||||||||
| Interest expense—net of capitalized interest | $ | 7,945 | $ | 36,284 | $ | 19,776 | $ | 13,002 | $ | 11,747 | ||||||
| Interest capitalized | 4,400 | 800 | 100 | — | — | |||||||||||
| Estimated interest in rental expense | 268 | 207 | 475 | 759 | 1,095 | |||||||||||
| Fixed charges | $ | 12,613 | $ | 37,291 | $ | 20,351 | $ | 13,761 | $ | 12,842 | ||||||
| EARNINGS | ||||||||||||||||
| Pretax income (loss) | $ | (66,913 | ) | $ | (91,843 | ) | $ | 140,743 | $ | (89,660 | ) | $ | (67,518 | ) | ||
| Plus: Fixed Charges | 12,613 | 37,291 | 20,351 | 13,761 | 12,842 | |||||||||||
| Less: Capitalized interest | (4,400 | ) | (800 | ) | (100 | ) | — | — | ||||||||
| Plus: Amortization of capitalized interest | 291 | 786 | 858 | 888 | 885 | |||||||||||
| Earnings | $ | (58,409 | ) | $ | (54,566 | ) | $ | 161,852 | $ | (75,011 | ) | $ | (53,791 | ) | ||
| Ratio of Earnings to Fixed Charges | 8.0 | |||||||||||||||
| Dollar amount of deficiency | $ | (71,022 | ) | $ | (91,857 | ) | — | $ | (88,772 | ) | $ | (66,633 | ) | |||
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