MERITOR, INC. - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - November 18, 2009

Attached files

file filename
10-K - ANNUAL REPORT - MERITOR, INC.arvinmeritor_10k.htm
EX-24 - POWER OF ATTORNEY - MERITOR, INC.exhibit24.htm
EX-21 - LIST OF SUBSIDIARIES OF ARVINMERITOR - MERITOR, INC.exhibit21.htm
EX-31.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - MERITOR, INC.exhibit31-a.htm
EX-10.D - DESCRIPTION OF COMPENSATION OF NON-EMPLOYEE DIRECTORS - MERITOR, INC.exhibit10-d.htm
EX-23.C - CONSENT OF BATES WHITE LLC - MERITOR, INC.exhibit23-c.htm
EX-31.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - MERITOR, INC.exhibit31-b.htm
EX-10.R - EMPLOYMENT AGREEMENT, DATED AS OF SEPTEMBER 14, 2009 - MERITOR, INC.exhibit10-r.htm
EX-23.B - CONSENT OF DELOITTE & TOUCHE LLP - MERITOR, INC.exhibit23-b.htm
EX-10.T - EMPLOYMENT AGREEMENT, DATED AS OF SEPTEMBER 14, 2009 - MERITOR, INC.exhibit10-t.htm
EX-32.A - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER - MERITOR, INC.exhibit32-a.htm
EX-10.U - EMPLOYMENT AGREEMENT, DATED AS OF SEPTEMBER 14, 2009 - MERITOR, INC.exhibit10-u.htm
EX-32.B - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER - MERITOR, INC.exhibit32-b.htm
EX-10.N - EMPLOYMENT AGREEMENT BETWEEN THE COMPANY AND CHARLES G. MCCLURE, JR. - MERITOR, INC.exhibit10-n.htm
EX-10.Q - EMPLOYMENT AGREEMENT, DATED AS OF SEPTEMBER 14, 2009 - MERITOR, INC.exhibit10-q.htm
EX-23.A - CONSENT OF VERNON G. BAKER, II, ESQ. - MERITOR, INC.exhibit23-a.htm
EX-10.V - EMPLOYMENT AGREEMENT, DATED AS OF SEPTEMBER 14, 2009 - MERITOR, INC.exhibit10-v.htm
EX-10.S - EMPLOYMENT AGREEMENT, DATED AS OF SEPTEMBER 14, 2009 - MERITOR, INC.exhibit10-s.htm

Exhibit 12

ArvinMeritor, Inc.
Computation of Ratio of Earnings to Fixed Charges
Twelve Months Ended September 30, 2009
(in millions)

Earnings Available for Fixed Charges (A):

Pre-tax loss from continuing operations $ (361 )
 
Less:
Equity in earnings of affiliates, net of dividends 10
  (351 )
Add: fixed charges included in earnings:
Interest expense 94
Interest element of rentals 11  
Total   105
 
Total earnings available for fixed charges (C): $ —
 
Fixed Charges (B):
Fixed charges included in earnings $ 105
Capitalized interest —
Total fixed charges $ 105
 
Ratio of Earnings to Fixed Charges (C)

(A) “Earnings” are defined as pre-tax income from continuing operations, adjusted for undistributed earnings of less than majority owned subsidiaries and fixed charges excluding capitalized interest.

(B) “Fixed charges” are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance costs.

(C) The company had a loss in current year. The ratio coverage was less than 1:1. The company must generate additional pre-tax earnings of $351 million to achieve coverage of 1:1.

MERITOR, INC. Reports