Main Street Capital Corporation
Computation of Ratio of Earnings to Fixed Charges
(numbers in thousands)
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Three Months Ended March 31, 2013 |
Year Ended December 31, 2012 |
Year Ended December 31, 2011 |
Year Ended December 31, 2010 |
Year Ended December 31, 2009 |
Year Ended December 31, 2008 |
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Earnings: |
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Net increase in net assets resulting from operations |
$ | 23,629 | $ | 104,444 | $ | 64,106 | $ | 39,970 | $ | 11,956 | $ | 10,934 | |||||||
Income tax expense (benefit) and excise taxes |
2,051 | 10,820 | 6,288 | 941 | (2,290 | ) | (3,182 | ) | |||||||||||
Total earnings before taxes |
$ | 25,680 | $ | 115,264 | $ | 70,394 | $ | 40,911 | $ | 9,666 | $ | 7,752 | |||||||
Fixed Charges: |
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Interest expense |
$ | 3,882 | $ | 15,631 | $ | 13,518 | $ | 9,058 | $ | 3,791 | $ | 3,778 | |||||||
Total fixed charges |
$ | 3,882 | $ | 15,631 | $ | 13,518 | $ | 9,058 | $ | 3,791 | $ | 3,778 | |||||||
Earnings available to cover fixed charges |
$ | 29,562 | $ | 130,895 | $ | 83,912 | $ | 49,969 | $ | 13,457 | $ | 11,529 | |||||||
Ratio of earnings to fixed charges |
7.62 | 8.37 | 6.21 | 5.52 | 3.55 | 3.05 | |||||||||||||