Attached files
file | filename |
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EX-99.1 - EXHIBIT 99.1 - Noranda Aluminum Holding CORP | a2015q2ex-991.htm |
EX-95.1 - EXHIBIT 95.1 - Noranda Aluminum Holding CORP | a2015q2ex-951.htm |
EX-32.1 - EXHIBIT 32.1 - Noranda Aluminum Holding CORP | a2015q2ex-321.htm |
EX-31.2 - EXHIBIT 31.2 - Noranda Aluminum Holding CORP | a2015q2ex-312.htm |
EX-31.1 - EXHIBIT 31.1 - Noranda Aluminum Holding CORP | a2015q2ex-311.htm |
10-Q - 10-Q - Noranda Aluminum Holding CORP | a2015q210q.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended June 30, | Six months ended June 30, | |||||||
2015 | 2014 | 2015 | 2014 | |||||
$ | $ | $ | $ | |||||
Computation of earnings: | ||||||||
Loss before income taxes | (33.4 | ) | (10.0 | ) | (35.6 | ) | (33.9 | ) |
Plus: fixed charges | 14.1 | 13.6 | 28.0 | 27.1 | ||||
Less: capitalized interest | (0.2 | ) | (0.5 | ) | (0.4 | ) | (0.9 | ) |
Earnings | (19.5 | ) | 3.1 | (8.0 | ) | (7.7 | ) | |
Computation of fixed charges | ||||||||
Interest expense, net | 13.2 | 12.6 | 26.4 | 25.1 | ||||
Capitalized interest | 0.2 | 0.5 | 0.4 | 0.9 | ||||
Interest portion of operating lease expense | 0.7 | 0.5 | 1.2 | 1.1 | ||||
Fixed charges | 14.1 | 13.6 | 28.0 | 27.1 | ||||
Ratio of earnings to fixed charges (a) | (1.4 | ) | 0.2 | (0.3 | ) | (0.3 | ) | |
(a) When the 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, | |||||||
2015 | 2014 | 2015 | 2014 | |||||
$ | $ | $ | $ | |||||
Coverage deficiency - earnings to fixed charges | 33.6 | 10.5 | 36.0 | 34.8 |