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 | ||||||||||