C&D TECHNOLOGIES INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - April 20, 2010

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10-K - FORM 10-K - C&D TECHNOLOGIES INCd10k.htm
EX-21 - SUBSIDIARIES OF C&D - C&D TECHNOLOGIES INCdex21.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - C&D TECHNOLOGIES INCdex23.htm
EX-31.1 - SECTION 302 CHIEF EXECUTIVE OFFICER CERTIFICATION - C&D TECHNOLOGIES INCdex311.htm
EX-32.1 - SECTION 906 CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER CERTIFICATION - C&D TECHNOLOGIES INCdex321.htm
EX-31.2 - SECTION 302 CHIEF FINANCIAL OFFICER CERTIFICATION - C&D TECHNOLOGIES INCdex312.htm

EXHIBIT 12.1

C&D TECHNOLOGIES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands except ratio data)

 

     Year Ended January 31,  
     2010     2009     2008     2007     2006  

Earnings

           

Loss before income taxes, noncontrolling interest and discontinued operations

    $ (23,557 )    $ (15,457 )    $ (770 )    $ (16,522 )    $ (2,660 ) 

Interest expense and amortization of debt costs

      12,486        12,032        10,960        14,266        10,235   

Interest portion of rent*

      820        782        678        699        621   
                                        
   $ (10,251 )    $ (2,643 )    $ 10,868      $ (1,557 )    $ 8,196   
                                        

Fixed Charges

           

Interest expense and amortization of debt costs

      12,486        12,032        10,960        14,266        10,235   

Interest portion of rent

      820        782        678        699        621   
                                        
   $ 13,306      $ 12,814      $ 11,638      $ 14,965      $ 10,856   
                                        

Ratio of earnings to fixed charges

      x (1)      x (1)      x (1)      x (1)      x (1) 
                                        

 

 *  The Company has determined the interest component of rent expense to be 0.30.
(1)

The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $23.6 million of earnings in fiscal 2010. The ratio of earnings to fixed charges was less than l:1 for fiscal year 2009. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $15.5 million of earning in fiscal 2009. The ratio of fixed charges was less than 1:1 for fiscal year 2008. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $0.8 million of earnings in fiscal year 2008. The ratio of fixed charges was less than 1:1 in fiscal year 2007. In order to achieve a ratio of earning to fixed charges of 1:1 we would have had to generate an additional $16.5 million of earnings in fiscal 2007. The ratio of fixed charges was less than 1:1 in fiscal year 2006. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $2.7 million of earnings in fiscal 2006.

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