Sensata Technologies B.V. - FORM 10-K - EX-12.1 - STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - January 28, 2010

Attached files

file filename
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO SECTION 302 - Sensata Technologies B.V.dex311.htm
EX-31.3 - CERTIFICATION OF PRINCIPAL ACCOUNTING OFFICER PURSUANT TO SECTION 302 - Sensata Technologies B.V.dex313.htm
EX-32.1 - CERTIFICATION OF PEO,PFO AND PAO - Sensata Technologies B.V.dex321.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO SECTION 302 - Sensata Technologies B.V.dex312.htm
EX-21.1 - SUBSIDIARIES OF SENSATA TECHNOLOGIES B.V. - Sensata Technologies B.V.dex211.htm
EX-10.37 - JOINT DEVELOPMENT AND EXCLUSIVE SUPPLY AGREEMENT - Sensata Technologies B.V.dex1037.htm
10-K - FORM 10-K - Sensata Technologies B.V.d10k.htm

Exhibit 12.1

Sensata Technologies B.V.

Computation of Ratio of Earnings To Fixed Charges

(dollars in thousands)

(Unaudited)

 

    Successor     Predecessor
    For the year ended December 31,     For the period
April 27
(inception) to
December 31,
2006 		    For the period
January 1
to
April 26,
2006
    2009   2008     2007      

Income/(loss) from continuing operations before income taxes

   $ 16,453   $ (60,870 )    $ (171,745 )    $ (162,435 )    $ 71,333

Add: Fixed charges

     152,164     200,325        192,968        166,079        1,143
                                   

Total earnings

   $ 168,617   $ 139,455      $ 21,223      $ 3,644      $ 72,476
 

Fixed charges:

            

Interest expense

     141,534     187,142        181,521        153,642        511

Amortization of debt issuance costs

     9,055     10,698        9,640        11,518        —  

Portion of rent expense estimated to represent interest(1)

     1,575     2,485        1,807        919        632
                                   

Total fixed charges

   $ 152,164   $ 200,325      $ 192,968      $ 166,079      $ 1,143
                                   

Ratio of earnings to fixed charges

     1.1     NM        NM        NM        63.4

 

(1) Represents approximately one-third of rent expense which is deemed to represent the interest component of rental payments.

NM-Due to the registrant’s loss in the Successor periods, the ratio coverage was less than 1:1. The registrant must generate additional earnings for years ended December 31, 2008 and 2007 and the period from April 27, 2006 (inception) to December 31, 2006 of $60,870, $171,745 and $162,435, respectively, to achieve a coverage of 1:1.

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