EXOPACK HOLDING CORP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 30, 2011

Attached files

file filename
10-K - FORM 10-K - EXOPACK HOLDING CORPd10k.htm
EX-31.1 - CEO CERTIFICATION - EXOPACK HOLDING CORPd311.htm
EX-32.2 - CFO CERTIFICATION - EXOPACK HOLDING CORPd322.htm
EX-21.1 - SUBSIDIARIES OF EXOPACK HOLDING CORP. - EXOPACK HOLDING CORPd211.htm
EX-31.2 - CFO CERTIFICATION - EXOPACK HOLDING CORPd312.htm
EX-32.1 - CEO CERTIFICATION - EXOPACK HOLDING CORPd321.htm
EX-10.18 - STOCK OPTION AGREEMENT - EXOPACK HOLDING CORPd1018.htm

Exhibit 12.1

Exopack Holding Corp. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
(unaudited)
 
 
  Year      Year     Year     Year     Year  
  Ended      Ended     Ended     Ended     Ended  
  December 31,      December 31,     December 31,     December 31,     December 31,  
  2010      2009     2008     2007     2006  
 
(Loss) income before income taxes $ (917 ) $ (7,049 ) $ (7,333 ) $ (4,446 ) $ (7,238 )
 
Fixed charges:                              
Interest on debt   33,299     27,049     29,448     27,541     26,110  
Amortization of deferred financing costs   3,080     1,543     1,543     1,343     1,152  
Estimated interest component of                              
rent expense   996     894     791     549     446  
Total fixed charges   37,375     29,486     31,782     29,433     27,708  
 
Total earnings available for fixed                              
charges $ 36,458   $ 22,437   $ 24,449   $ 24,987   $ 20,470  
 
Ratio of earnings to fixed charges   N/A     N/A     N/A     N/A     N/A  

 

N/A Earnings are inadequate to cover fixed charges by $917, $7,049, $7,333, $4,446 and $7,238 for the years ended December 31, 2010, 2009, 2008, 2007 and 2006, respectively.


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