Exhibit 12.1
IHS Markit Ltd.
Consolidated Ratio of Earnings to Fixed Charges
Three Months Ended February 28, 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income from continuing operations before income taxes and equity in loss of equity method investee | 94.1 | 372.1 | 142.3 | 237.8 | 223.1 | 130.7 | ||||||||||||||||||
Interest expense (1) | 46.3 | 154.3 | 119.4 | 70.9 | 55.4 | 44.6 | ||||||||||||||||||
Imputed interest expense on lease commitments | 0.5 | 1.9 | 1.1 | 1.0 | 1.0 | 1.1 | ||||||||||||||||||
Non-controlling interest (income) / loss | 0.6 | (0.1 | ) | 0.7 | — | — | — | |||||||||||||||||
Total earnings (a) | 141.5 | 528.2 | 263.5 | 309.7 | 279.4 | 176.4 | ||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | 46.3 | 154.3 | 119.4 | 70.9 | 55.4 | 44.6 | ||||||||||||||||||
Imputed interest expense on lease commitments | 0.5 | 1.9 | 1.1 | 1.0 | 1.0 | 1.1 | ||||||||||||||||||
Total fixed charges (b) | 46.8 | 156.2 | 120.5 | 71.9 | 56.4 | 45.7 | ||||||||||||||||||
Ratio of earnings to fixed charges (a/b) | 3.02 | 3.38 | 2.19 | 4.31 | 4.96 | 3.86 |
(1) | Interest expense per the financial statements includes the amortization of debt issuance costs. |