Harbinger Group Inc.
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S-3ASR
HRG GROUP, INC. filed this Form S-3ASR on 02/04/2016
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RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our consolidated ratio of earnings to combined fixed charges for each of the periods indicated. For the purpose of calculating the consolidated ratio of earnings to fixed charges, “earnings” represents pre-tax income (loss) from continuing operations plus fixed charges, and less any interest capitalized. “Fixed charges” consists of interest expense, whether expensed or capitalized, amortization of debt financing costs, and one-third of lease expense. You should read these ratios in connection with our consolidated financial statements, including the notes to those statements, incorporated by reference in this prospectus.
 
Year Ended September 30,
 
2011
 
2012
 
2013
 
2014
 
2015
Ratio of earnings to combined fixed charges
1.2
 
1.1
 
1.2
 
1.6
 
(a)
Deficiency of (loss) earnings to fixed charges (a)
 
 
 
 
 
 
 
 
$(440.8)
 
(a)
Due to losses the year ended September 30, 2015, the coverage ratio was less than 1:1. We would have needed to generate additional earnings of $440.8 million in this period in order to achieve ratio of 1:1.



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