AGY Holding Corp. - FORM 10-K - EX-12.1 - STATEMENTS RE: COMPUTATIONS OF RATIOS - March 31, 2011

Attached files

file filename
10-K - FORM 10-K - AGY Holding Corp.d10k.htm
EX-21.1 - SUBSIDIARIES OF THE COMPANY - AGY Holding Corp.dex211.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
EX-32.1 - SECTION 1350 CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AGY Holding Corp.dex321.htm
EX-4.14 - REAFFIRMATION OF INTERCREDITOR AGREEMENT - AGY Holding Corp.dex414.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AGY Holding Corp.dex311.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		     Year Ended
December 31,
2010		  

Computation of Fixed Charges

                

Interest expense

    $ 2,024      $ 13,390      $ 15,414      $ 19,454      $ 22,363       $ 21,522     $ 22,071  

Amortization of debt issuance costs and debt discount

      242        179        421        665        723         713       713  

Portion of rental expense representative of interest (1)

      68        262        330        816        2,690         1,667       1,583  
                                                         

Total fixed charges

      2,334        13,831        16,165        20,935        25,776         23,902       24,365  
                                                         

Computation of Earnings

                

Income (loss) from continuing operations before income taxes

      (20,193 )      (5,981 )      (26,174 )      (976 )      1,439         (106,591 )      (20,923 ) 

Fixed charges per above

      2,334       13,831       16,165       20,935       25,776         23,902       24,365   
                                                         

Total earnings

      (17,859 )      7,850       (10,009 )      19,959       27,215         (82,689 )      3,442   
                                                         

Ratio of earnings to fixed charges

        *      0.6          *      1.0        1.1           *      0.1   
                                                         

* Earnings inadequate to cover fixed charges

                

Deficiency

    $ (20,193 )    $ (5,981 )    $ (26,174 )    $ —        $ —         $ (106,591 )   $ (20,923 )

 

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

AGY Holding Corp. Reports