EXHIBIT 12
 

 
Tortoise Capital Resources Corporation
Computation of Ratio of Earnings to Fixed Charges

   
Year Ended November 30,
 
6-months
 ended 5/31/11
2010
2009
2008
2007
2006
Earnings:
           
Net Income (Loss)
$4,205,297
$16,303,981
$(1,903,034)
$(23,949,345)
$4,193,812
$1,013,206
Income from Discontinued Operations
-
(4,519,817)
(629,264)
-
-
-
Current & Deferred Tax Expense (Benefit)
2,170,948
4,662,923
111,742
(10,177,532)
3,088,737
555,708
Fixed Charges, less Capitalized Interest and Preferred Dividends
24,387
63,031
627,707
1,650,926
847,421
-
Total Earnings
$6,400,632
$16,510,118
$(1,792,849)
$(32,475,951)
$8,129,970
$1,568,914
             
Combined Fixed Charges:
           
Interest Expense
$     24,387
$      63,031
$     627,707
$    1,650,926
$  847,421
-
Capitalized Interest
-
-
-
157,236
5,115
-
Total Combined Fixed Charges
$     24,387
$      63,031
$     627,707
$    1,808,162
$  852,536
-
             
Ratio of Earnings to Fixed Charges
262.46
261.94
(2.86)
(17.96)
9.54
N/A


 
 

 

Tortoise Capital Resources Corporation
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends

   
Year Ended November 30,
 
6-months
ended 5/31/11
2010
2009
2008
2007
2006
Earnings:
           
Net Income (Loss)
$4,205,297
$16,303,981
$(1,903,034)
$(23,949,345)
$4,193,812
$1,013,206
Income from Discontinued Operations
-
(4,519,817)
(629,264)
-
-
-
Current & Deferred Tax Expense (Benefit)
2,170,948
4,662,923
111,742
(10,177,532)
3,088,737
555,708
Fixed Charges, less Capitalized Interest and Preferred Dividends
24,387
63,031
627,707
1,650,926
847,421
-
Total Earnings
$6,400,632
$16,510,118
$(1,792,849)
$(32,475,951)
$8,129,970
$1,568,914
             
Combined Fixed Charges:
           
Interest Expense
$     24,387
$      63,031
$     627,707
$    1,650,926
$   847,421
-
Capitalized Interest
-
-
-
157,236
5,115
-
Preferred Dividends
-
-
-
-
228,750
-
Total Combined Fixed Charges
$     24,387
$      63,031
$     627,707
$    1,808,162
$1,081,286
-
             
Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
262.46
261.94
(2.86)
(17.96)
7.52
N/A