Attached files
Exhibit 12.1
Compass Minerals International, Inc.
Computation of Ratios of Earnings to Fixed Charges
(in millions)
Year ended December 31,
|
2014
|
2013
|
2012
|
|||||||||
Earnings:
|
||||||||||||
Net earnings before income taxes
|
$
|
291.8
|
$
|
174.1
|
$
|
111.3
|
||||||
Less: capitalized interest
|
(0.3
|
)
|
(0.6
|
)
|
(1.4
|
)
|
||||||
Plus: fixed charges
|
23.3
|
21.1
|
22.2
|
|||||||||
$
|
314.8
|
$
|
194.6
|
$
|
132.1
|
|||||||
Fixed Charges:
|
||||||||||||
Interest charges
|
$
|
20.1
|
$
|
17.9
|
$
|
18.2
|
||||||
Capitalized interest
|
0.3
|
0.6
|
1.4
|
|||||||||
Plus interest factor in operating rent expense
|
2.9
|
2.6
|
2.6
|
|||||||||
$
|
23.3
|
$
|
21.1
|
$
|
22.2
|
|||||||
Ratio of earnings to fixed charges
|
13.51
|
x
|
9.22
|
x
|
5.95
|
x
|