Attached files
file | filename |
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EX-32.1 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q2ex-321.htm |
EX-31.1 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q2ex-311.htm |
EX-31.2 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q2ex-312.htm |
EX-95.1 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q2ex-951.htm |
EXCEL - IDEA: XBRL DOCUMENT - Noranda Aluminum Holding CORP | Financial_Report.xls |
10-Q - 10-Q - Noranda Aluminum Holding CORP | a2014q210-q.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended June 30, | Six months ended June 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
$ | $ | $ | $ | |||||
Computation of earnings: | ||||||||
Income (loss) before income taxes | (10.0 | ) | (18.9 | ) | (33.9 | ) | (17.9 | ) |
Plus: fixed charges | 13.6 | 13.2 | 27.1 | 24.1 | ||||
Less: capitalized interest | (0.5 | ) | (0.5 | ) | (0.9 | ) | (0.8 | ) |
Earnings | 3.1 | (6.2 | ) | (7.7 | ) | 5.4 | ||
Computation of fixed charges | ||||||||
Interest expense, net | 12.6 | 12.2 | 25.1 | 22.3 | ||||
Capitalized interest | 0.5 | 0.5 | 0.9 | 0.8 | ||||
Interest portion of operating lease expense | 0.5 | 0.5 | 1.1 | 1.0 | ||||
Fixed charges | 13.6 | 13.2 | 27.1 | 24.1 | ||||
Ratio of earnings to fixed charges | 0.2 | (a) | (a) | 0.2 | ||||
(a) Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency for the affected period is presented below. | ||||||||
Three months ended June 30, | Six months ended June 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
$ | $ | $ | $ | |||||
Coverage deficiency-earnings to fixed charges | - | 19.4 | 34.8 | - |