Exhibit 12.1
P.A.M. Transportation Services, Inc. |
Statement of Computation of Ratio of Earnings to Fixed Charges |
(In thousands, except ratios) |
Year Ended December 31, | ||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income from operations | $ | 12,680 | $ | 19,928 | $ | 36,230 | $ | 23,010 | $ | 11,506 | ||||||||||
Fixed charges | 3,902 | 3,641 | 2,818 | 2,897 | 3,375 | |||||||||||||||
Total | 16,582 | 23,569 | 39,048 | 25,907 | 14,881 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 3,902 | 3,641 | 2,818 | 2,897 | 3,375 | |||||||||||||||
Total | $ | 3,902 | $ | 3,641 | $ | 2,818 | $ | 2,897 | $ | 3,375 | ||||||||||
Ratio of earnings to fixed charges | 4.25x | 6.47x | 13.86x | 8.94x | 4.41x |