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Griffin Industrial Realty, Inc. – ‘S-3’ on 4/11/18 – ‘EX-12.1’

On:  Wednesday, 4/11/18, at 6:32am ET   ·   Accession #:  1104659-18-23334   ·   File #:  333-224229

Previous ‘S-3’:  None   ·   Next:  ‘S-3’ on 2/2/21   ·   Latest:  ‘S-3’ on 7/30/21   ·   1 Reference:  By:  SEC – ‘UPLOAD’ on 4/17/18

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/11/18  Griffin Industrial Realty, Inc.   S-3                    6:949K                                   Merrill Corp-MD/FA

Registration Statement for Securities Offered Pursuant to a Transaction   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3         Registration Statement for Securities Offered       HTML    262K 
                          Pursuant to a Transaction                              
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     13K 
 3: EX-4.2      Instrument Defining the Rights of Security Holders  HTML    303K 
 4: EX-5.1      Opinion re: Legality                                HTML     30K 
 6: EX-23.2     Consent of Experts or Counsel                       HTML      7K 
 5: EX-12.1     Statement re: Computation of Ratios                 HTML     42K 


EX-12.1   —   Statement re: Computation of Ratios


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Exhibit 12.1

 

Griffin Industrial Realty, Inc.

Calculation of Ratios of Earnings to Fixed Charges

(in thousands, except ratios)

 

 

 

For the three

 

 

 

 

 

month period

 

 

 

 

 

ended

 

The Company

 

 

 

February 28,

 

For the Fiscal Year Ended November 30,

 

 

 

2018

 

2017

 

2016

 

2015

 

2014

 

2013

 

Calculations of Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) before tax provision from continuing operations

 

$

(933

)

$

7,300

 

$

1,311

 

$

805

 

$

(1,152

)

$

2,902

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

1,584

 

5,850

 

4,828

 

4,462

 

4,134

 

3,927

 

Amortization of capitalized interest

 

26

 

106

 

93

 

75

 

62

 

55

 

Subtract:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(38

)

(103

)

(274

)

(777

)

(580

)

(71

)

Total earnings

 

$

639

 

$

13,153

 

$

5,958

 

$

4,565

 

$

2,464

 

$

6,813

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expensed

 

$

1,532

 

$

5,690

 

$

4,545

 

$

3,670

 

$

3,529

 

$

3,848

 

Interest capitalized

 

38

 

103

 

274

 

777

 

580

 

71

 

Estimate of interest within rental expense

 

14

 

57

 

9

 

15

 

25

 

8

 

Total fixed charges

 

$

1,584

 

$

5,850

 

$

4,828

 

$

4,462

 

$

4,134

 

$

3,927

 

Ratio of earnings to fixed charges

 

0.40 (1)

 

2.25

 

1.23

 

1.02

 

0.60 (1)

 

1.73

 

 


(1) Fixed charges exceeded earnings by approximately $1.7 million for the fiscal year ended November 30, 2014 and by approximately $0.9 million for the three months ended February 28, 2018.

 



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-3’ Filing    Date    Other Filings
11/30/18
Filed on:4/11/18
2/28/1810-Q
11/30/1410-K,  5
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/17/18  SEC                               UPLOAD5/23/18    1:38K  Indus Realty Trust, Inc.
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Filing Submission 0001104659-18-023334   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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