Equity One, Inc. Ratio of Earnings to Fixed Charges Statement for Q1 2008

Summary

This document from Equity One, Inc. presents the calculation of the ratio of earnings to fixed charges for the three months ended March 31, 2008. It details the company's income from continuing operations, adjustments for minority interest and fixed charges, and the components of fixed charges such as interest expense and amortization. The resulting ratio, which measures the company's ability to cover its fixed financial obligations, is reported as 2.13 for the period.

Read More Arrow
EX-10.3 4 ex10_3.htm EXHIBIT 10.3 ex10_3.htm
 
Equity One, Inc
        
Exhibit 10.3
  
Ratio of Earnings to Fixed Charges
            
For the Three Months Ended March 31, 2008
            
(In thousands, except ratio computation)
            
             
Income from Continuing Operations
         $ 20,743  
               
Adjustments:
              
Minority interest
     28          
Fixed charges
     17,739          
Capitalized interest
     (790 )     16,977  
                 
Earnings, as defined
           $ 37,720  
                 
Fixed Charges:
                
Interest expense
     15,982          
Capitalized interest
     790          
Amortization of debt premiums/discounts
     538          
Amortization of loan fees
     429       17,739  
                 
Fixed Charges
           $ 17,739  
                 
Ratio of earnings to fixed charges
             2.13