Mueller Water Products, Inc. - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES - November 23, 2010

Attached files

file filename
10-K - FORM 10-K - Mueller Water Products, Inc.d10k.htm
EX-32.1 - CEO 906 CERTIFICATION - Mueller Water Products, Inc.dex321.htm
EX-31.1 - CEO 302 CERTIFICATION - Mueller Water Products, Inc.dex311.htm
EX-31.2 - CFO 302 CERTIFICATION - Mueller Water Products, Inc.dex312.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - Mueller Water Products, Inc.dex231.htm
EX-21.1 - SUBSIDIARIES OF MUELLER WATER PRODUCTS, INC - Mueller Water Products, Inc.dex211.htm
EX-10.26 - EMPLOYEMENT AGREEMENT DATED APRIL 10, 2009 - Mueller Water Products, Inc.dex1026.htm
EX-10.27 - AMENDMENT TO EMPLOYEMENT AGREEMENT DATED DECEMBER 1, 2009 - Mueller Water Products, Inc.dex1027.htm
EX-10.28 - EXECUTIVE CHANGE-IN-CONTROL SEVERANCE AGREEMENT DATED MAY 4, 2009 - Mueller Water Products, Inc.dex1028.htm
EX-32.2 - CFO 906 CERTIFICATION - Mueller Water Products, Inc.dex322.htm

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the ratio of earnings to fixed charges.

 

     Year ended September 30,  
         2010             2009             2008              2007              2006      
     (in millions)         

Income (loss) before income taxes

    $ (68.6 )    $ (1,083.0 )    $ 73.7       $ 86.7       $ 13.1   
                                          

Fixed charges:

             

Total interest including amortization of debt discount and issue costs and amounts capitalized

    $ 68.3      $ 80.0      $ 77.5       $ 90.8       $ 123.7   

Estimated interest within rent expense

      3.5        4.6        4.1         3.0         3.3   
                                          

Total fixed charges

    $ 71.8      $ 84.6      $ 81.6       $ 93.8       $ 127.0   
                                          

Earnings (a)

    $ 3.2      $ (998.4 )    $ 155.3       $ 180.5       $ 140.1   
                                          

Ratio of earnings to fixed charges (b)

      -          -          1.9         1.9         1.1   
                                          

 

  (a) For these ratios, “earnings” represents income (loss) before income taxes plus fixed charges.

 

  (b) Due to a loss during 2010 and 2009, the ratio of earnings to fixed charges for these years was less than 1.0. The deficiency of earnings to total fixed charges was $68.6 million and $1,083.0 million for 2010 and 2009, respectively.

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