Attached files
Exhibit 12.1
Compass Minerals International, Inc. | |||||||||||
Computation of Ratios of Earnings to Fixed Charges | |||||||||||
(in millions) | |||||||||||
Year ended December 31, | 2017 | 2016 | 2015 | ||||||||
Earnings: | |||||||||||
Net earnings before income taxes | $ | 102.7 | $ | 197.3 | $ | 214.5 | |||||
Less: capitalized interest | (5.1 | ) | (2.9 | ) | (1.5 | ) | |||||
Plus: fixed charges | 65.0 | 41.1 | 26.5 | ||||||||
$ | 162.6 | $ | 235.5 | $ | 239.5 | ||||||
Fixed Charges: | |||||||||||
Interest charges | $ | 52.9 | $ | 34.1 | $ | 21.5 | |||||
Capitalized interest | 5.1 | 2.9 | 1.5 | ||||||||
Plus interest factor in operating rent expense | 7.0 | 4.1 | 3.5 | ||||||||
$ | 65.0 | $ | 41.1 | $ | 26.5 | ||||||
Ratio of earnings to fixed charges | 2.50x | 5.73x | 9.04x | ||||||||