Attached files
| file | filename |
|---|---|
| EX-95 - EXHIBIT 95 - Tronox Holdings plc | s002093x1_ex95.htm |
| EX-32.2 - EXHIBIT 32.2 - Tronox Holdings plc | s002093x1_ex32-2.htm |
| EX-32.1 - EXHIBIT 32.1 - Tronox Holdings plc | s002093x1_ex32-1.htm |
| EX-31.2 - EXHIBIT 31.2 - Tronox Holdings plc | s002093x1_ex31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - Tronox Holdings plc | s002093x1_ex31-1.htm |
| EX-23.1 - EXHIBIT 23.1 - Tronox Holdings plc | s002093x1_ex23-1.htm |
| EX-21.1 - EXHIBIT 21.1 - Tronox Holdings plc | s002093x1_ex21-1.htm |
| EX-10.41 - EXHIBIT 10.41 - Tronox Holdings plc | s002093x1_ex10-41.htm |
| 10-K - TRONOX 10-K - Tronox Holdings plc | s002093x1_10k.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth the ratio of earnings to fixed charges on a consolidated basis for each of the periods indicated. For the purposes of completing the ratio of earnings to fixed charges, earning are defined as income (loss) before income taxes plus fixed charges. Fixed charges consist of interest expense (including capitalized interest) and the portion of rental expense that is representative of the interest factor.
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For the Year Ended December 31,
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||||||||
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2017
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2016
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2015
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||||||
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Earnings:
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||||||||
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Loss before income taxes
|
$
|
(87
|
) |
$
|
(264)
|
$
|
(349)
|
|
|
Fixed charges
|
190
|
) |
188
|
182
|
||||
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Capitalized interest
|
(2)
|
(3)
|
(6)
|
|||||
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Total earnings (loss)
|
$
|
101
|
$
|
(79)
|
$
|
(173)
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||
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Fixed Charges:
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||||||||
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Interest expense
|
$
|
168
|
$
|
168
|
$
|
155
|
||
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Amortization of deferred debt issuance costs and discount on debt
|
15
|
11
|
11
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|||||
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Other
|
7
|
9
|
16
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|||||
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Capitalized interest
|
2
|
3
|
6
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|||||
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Total fixed charges
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$
|
192
|
$
|
191
|
$
|
188
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||
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Inadequate earnings (a)
|
$
|
91
|
$
|
270
|
$
|
361
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||
(a) The ratio coverage in 2017, 2016 and 2015 was less than 1:1. We would have needed to generate additional earnings of $91 million, $270 million and $361 million to achieve a coverage of 1:1 in 2017, 2016 and 2015, respectively.