Attached files
Exhibit 12.1
Sensata Technologies Holding N.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 |
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| 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||||
| Income/(loss) from continuing operations before income taxes |
$ | 168,354 | $ | 15,761 | $ | (60,918 | ) | $ | (171,733 | ) | $ | (162,441 | ) | $ | 71,333 | |||||||||
| Add: Fixed charges |
107,818 | 152,164 | 200,325 | 192,968 | 166,079 | 1,143 | ||||||||||||||||||
| Total earnings |
$ | 276,172 | $ | 167,925 | $ | 139,407 | $ | 21,235 | $ | 3,638 | $ | 72,476 | ||||||||||||
| Fixed charges: |
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| Interest expense |
$ | 97,836 | $ | 141,534 | $ | 187,142 | $ | 181,521 | $ | 153,642 | $ | 511 | ||||||||||||
| Amortization of debt issuance costs |
8,564 | 9,055 | 10,698 | 9,640 | 11,518 | — | ||||||||||||||||||
| Portion of rent expense estimated to represent interest(1) |
1,418 | 1,575 | 2,485 | 1,807 | 919 | 632 | ||||||||||||||||||
| Total fixed charges |
$ | 107,818 | $ | 152,164 | $ | 200,325 | $ | 192,968 | $ | 166,079 | $ | 1,143 | ||||||||||||
| Ratio of earnings to fixed charges |
2.6 | 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’s earnings for the years ended December 31, 2008 and 2007 and the period from April 27, 2006 (inception) to December 31, 2006 were insufficient to cover its fixed charges and achieve a coverage ratio of 1:1 by $60,918, $171,733 and $162,441, respectively.