Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - RENTECH, INC. | c96994e8vk.htm |
| EX-23.2 - EXHIBIT 23.2 - RENTECH, INC. | c96994exv23w2.htm |
| EX-99.1 - EXHIBIT 99.1 - RENTECH, INC. | c96994exv99w1.htm |
| EX-23.1 - EXHIBIT 23.1 - RENTECH, INC. | c96994exv23w1.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 |
$ | (32 | ) | $ | (59,412 | ) | $ | (97,038 | ) | $ | (40,838 | ) | $ | (14,879 | ) | |||||
Add: equity in loss of investee |
84 | — | — | — | — | |||||||||||||||
Pre-tax Income (Loss) from Continuing
Operations adjusted |
52 | (59,412 | ) | (97,038 | ) | (40,838 | ) | (14,879 | ) | |||||||||||
Fixed Charges: |
||||||||||||||||||||
Interest expense |
14,099 | 7,894 | 4,601 | 3,328 | 2,875 | |||||||||||||||
Capitalized interest expense |
2,160 | 907 | 798 | 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 |
16,341 | 8,888 | 5,466 | 3,398 | 2,891 | |||||||||||||||
Earnings: |
||||||||||||||||||||
Pre-tax
income (loss) from continuing
operations adjusted plus fixed
charges |
$ | 16,393 | $ | (50,524 | ) | $ | (91,572 | ) | $ | (37,440 | ) | $ | (11,988 | ) | ||||||
Ratio of Earnings to Fixed Charges |
1.0 | 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 $59.4 million, $97.0 million, $40.8 million and $14.9
million, respectively, to achieve a coverage ratio of 1:1.