EXHIBIT 12
CINEMARK HOLDINGS, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                         
                    Year Ended        
                    December 31,        
    2005   2006   2007   2008   2009
     
Computation of Earnings:
                                       
Pretax income (loss) from continuing operations before equity income (loss)
  $ (16,227 )   $ 15,172     $ 203,344     $ (24,897 )   $ 146,508  
Add:
                                       
Fixed charges
    125,121       156,991       208,723       182,185       173,739  
Amortization of capitalized interest
    470       472       474       489       496  
Distributed income (loss) of equity investees
    227       (1,646 )     (2,462 )     (2,373 )     (907 )
Pretax losses of equity investees for which charges arising from guarantees are included in fixed charges
                             
Less:
                                       
Capitalized interest
    (74 )     (86 )     (618 )     (270 )      
Preference security dividend requirements of cons subs
                             
     
TOTAL EARNINGS
  $ 109,517     $ 170,903     $ 409,461     $ 155,134     $ 319,836  
     
 
                                       
Computation of Fixed Charges:
                                       
Interest expense
  $ 81,342     $ 105,986     $ 140,869     $ 111,362     $ 97,730  
Capitalized interest
    74       86       618       270        
Amortization of debt issue costs
    2,740       3,342       4,727       4,696       4,775  
Interest factor on rent expense
    40,965       47,577       62,509       65,857       71,234  
     
TOTAL FIXED CHARGES
  $ 125,121     $ 156,991     $ 208,723     $ 182,185     $ 173,739  
     
 
                                       
RATIO OF EARNINGS TO FIXED CHARGES (1)
          1.09 x     1.96 x           1.84 x
     
 
(1)   For the purposes of calculating the ratio of earnings to fixed charges, earnings consist of income (loss) from continuing operations before taxes plus fixed charges excluding capitalized interest. Fixed charges consist of interest expense, capitalized interest, amortization of debt issue cost and that portion of rental expense which we believe to be representative of the interest factor. For the years ended December 31, 2005 and 2008, earnings were insufficient to cover fixed charges by $15.6 million and $27.1 million, respectively.