Exhibit 12.1
Natural Resource Partners L.P.
Statement of Computation of Ratio of Earnings to Fixed Charges
Statement of Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31 | ||||||||||||||||||||
2004 | 2005 | 2006 | 2007 | 2008 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Pre-tax income | 58,994 | 91,839 | 102,090 | 102,499 | 169,814 | |||||||||||||||
Fixed charges | 10,312 | 11,044 | 16,423 | 28,690 | 28,548 | |||||||||||||||
Total Earnings | 69,306 | 102,883 | 118,513 | 131,189 | 198,362 | |||||||||||||||
Fixed Charges | ||||||||||||||||||||
Interest expense (1) | 10,312 | 11,044 | 16,423 | 28,690 | 28,548 | |||||||||||||||
Total Fixed Charges | 10,312 | 11,044 | 16,423 | 28,690 | 28,548 | |||||||||||||||
Ratio of Earnings to Fixed Charges | 6.72 | 9.32 | 7.22 | 4.57 | 6.95 |
(1) | includes amortization of debt issuance expenses and capitalized interest |