AGY Holding Corp. - FORM 10-K - EX-12.1 - STAEMENTS RE: COMPUTATIONS OF RATIOS - March 31, 2010

Attached files

file filename
10-K - FORM 10-K - AGY Holding Corp.d10k.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AGY Holding Corp.dex311.htm
EX-21.1 - SUBSIDIARIES OF THE COMPANY - AGY Holding Corp.dex211.htm
EX-32.1 - SECTION 1350 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AGY Holding Corp.dex321.htm
EX-32.2 - SECTION 1350 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AGY Holding Corp.dex322.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AGY Holding Corp.dex312.htm

Exhibit 12.1

STATEMENTS RE:COMPUTATION OF RATIOS

(in thousands USD)

 

     Jan 1,
2006 to
April 6,
2006		     April 7,
2006 to
December 31,
2006		     Year Ended
December 31,
2006		     Year Ended
December 31,
2007		     Year Ended
December 31,
2008		    Year Ended
December 31,
2009		  

Computation of Fixed Charges

              

Interest expense

    $ 2,024      $ 13,390      $ 15,414      $ 19,454      $ 22,363    $ 21,522  

Amortization of debt issuance costs and debt discount

      242        179        421        665        723      713  

Portion of rental expense representative of interest (1)

      68        262        330        816        2,690      1,667  
                                               

Total fixed charges

      2,334        13,831        16,165        20,935        25,776      23,902  
                                               

Computation of earnings

              

Income (loss) from continuing operations before income taxes

      (20,193 )      (5,981 )      (26,174 )      (976 )      1,439      (106,591 ) 

Fixed charges per above

      2,334        13,831        16,165        20,935        25,776      23,902  
                                               

Total earnings

      (17,859 )      7,850        (10,009        19,959        27,215      (82,689 ) 
                                               

Ratio of earnings to fixed charges

      *        0.6        *        1.0        1.1      *  
                                               

* Earnings inadequate to cover fixed charges

              

Deficiency

    $ (20,193 )    $ (5,981 )    $ (26,174 )      —          —      $ (106,591 ) 
                                               

 

(1) The interest portion of operating leases is assumed to be 30%.

AGY Holding Corp. Reports