EXHIBIT 12.1
The following table sets forth the calculation of the Company’s ratio of earnings to fixed charges for the periods shown.
ANWORTH MORTGAGE ASSET CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Nine Months Ended September 30, 2002 | Year Ended December 31, 2001 | Year Ended December 31, 2000 | Year Ended December 31, 1999 | Period from March 17, 1998 to December 31, 1998 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||
Net income | 19,905 | 3,706 | 1,261 | 1,209 | 885 | |||||
Add: interest expense | 18,590 | 6,363 | 8,674 | 7,892 | 7,378 | |||||
Earnings as adjusted | 38,495 | 10,069 | 9,935 | 9,101 | 8,263 | |||||
Fixed charges (interest expense) | 18,590 | 6,363 | 8,674 | 7,892 | 7,378 | |||||
Ratio of earnings to fixed charges | 2.07 | 1.58 | 1.15 | 1.15 | 1.12 | |||||