EX-12.1
Published on March 1, 2010
Exhibit 12.1
California Water Service Group
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)
Computation of Ratios of Earnings to Fixed Charges
(In thousands except ratios)
Year ended December 31, | ||||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||||||||||
Earnings: |
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Income before Income Tax Exp |
67,916 | 63,936 | 51,882 | 42,419 | 47,229 | 43,111 | ||||||||||||||||||
Fixed Charges Exp & Capitalized |
24,394 | 20,591 | 19,719 | 19,669 | 18,600 | 18,664 | ||||||||||||||||||
Capitalized Interest |
(3,081 | ) | (3,411 | ) | (2,585 | ) | (2,700 | ) | (900 | ) | (824 | ) | ||||||||||||
Total |
89,229 | 81,116 | 69,016 | 59,388 | 64,929 | 60,951 | ||||||||||||||||||
Fixed Charges: |
||||||||||||||||||||||||
Interest Expensed & Capitalized, &
amortization of capitalized expense
related to indebtedness |
24,394 | 20,591 | 19,719 | 19,669 | 18,600 | 18,664 | ||||||||||||||||||
Estimated Interest Component of Rent
Expense |
329 | 237 | 221 | 208 | 180 | 205 | ||||||||||||||||||
Total |
24,723 | 20,828 | 19,940 | 19,877 | 18,780 | 18,869 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges |
3.61 | 3.89 | 3.46 | 2.99 | 3.46 | 3.23 |