Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - RENTECH, INC. | c95053exv31w1.htm |
| EX-31.2 - EXHIBIT 31.2 - RENTECH, INC. | c95053exv31w2.htm |
| 10-K/A - FORM 10-K/A - RENTECH, INC. | c95053e10vkza.htm |
Exhibit 12.1
Statement Regarding the Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
(in thousands, except ratios)
| Year Ended | Year ended | Year ended | Year ended | Year Ended | ||||||||||||||||
| 9/30/09 | 9/30/08 | 9/30/07 | 9/30/06 | 9/30/05 | ||||||||||||||||
Pre-tax Loss from Continuing Operations |
$ | 3,101 | $ | (56,960 | ) | $ | (94,867 | ) | $ | (39,912 | ) | $ | (14,879 | ) | ||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense |
11,050 | 5,442 | 2,430 | 2,402 | 2,875 | |||||||||||||||
Capitalized interest expense |
1,863 | 596 | 698 | 30 | — | |||||||||||||||
Amortization of discounts and issuance
costs
related to indebtedness (included in
interest expense) |
— | — | — | — | — | |||||||||||||||
Rental expenses representative of an
interest factor |
82 | 87 | 67 | 40 | 16 | |||||||||||||||
Total Fixed Charges |
12,995 | 6,125 | 3,195 | 2,472 | 2,891 | |||||||||||||||
Earnings: |
||||||||||||||||||||
Pre-tax loss from continuing operations
plus fixed charges |
$ | 16,096 | $ | (50,835 | ) | $ | (91,672 | ) | $ | (37,440 | ) | $ | (11,988 | ) | ||||||
Ratio of Earnings to Fixed Charges |
1.2 | nm | nm | nm | nm | |||||||||||||||
Due to losses incurred for the years ended September 30, 2008, 2007, 2006 and 2005, we would
have had to generate additional earnings of $57.0 million, $94.9 million, $39.9 million and $14.9
million, respectively, to achieve a coverage ratio of 1:1.