EXHIBIT 12.1

 

Cemtrex, Inc. and Subsidiaries

Calculation of Ratio of Earnings to Fixed Charges

 

   (Unaudited) Fiscal Year   (Unaudited) Nine Months 
   Ended September 30,   Ended 
   2014   2015   June 30, 2016 
Ratio of earnings to fixed charges   7.94    5.54    5.15 
                
Deficiency of earnings to fixed charges (in thousands)   -    -    - 
                
Fixed Charges               
(a) interest expensed and capitalized   436,864    496,281    597,826 
(b) amortized premiums, discounts and capitalized expenses related to indebtedness   -    55,000    139,000 
(c) an estimate of the interest within rental expense   -    -    - 
(d) preference security dividend requirements of consolidated subsidiaries   -    -    - 
    436,864    551,281    736,826 
                
Earnings               
Plus               
(a) pre-tax income from continuing operations before adjustment for income or loss from equity investees   3,030,196    2,501,024    3,059,294 
(b) fixed charges   436,864    551,281    736,826 
(c) amortization of capitalized interest   -    -    - 
(d) distributed income of equity investees   -    -    - 
(e) our share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges   -    -    - 
Less   -    -    - 
(a) interest capitalized   -    -    - 
(b) preference security dividend requirements of consolidated subsidiaries   -    -    - 
(c) the noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges   -    -    - 
    3,467,060    3,052,305    3,796,120