Zep Inc. - FORM 10-K - EX-12 - STATEMENT REGARDING COMPUTATION OF RATIONS OF EARNINGS TO FIXED CHARGES - October 29, 2009

Attached files

file filename
10-K - FORM 10-K - Zep Inc.d10k.htm
EX-24 - POWERES OF ATTORNEY - Zep Inc.dex24.htm
EX-21 - LIST OF SUBSIDIARIES - Zep Inc.dex21.htm
EX-23 - CONSENT OF INDEPENDENT AUDITORS - Zep Inc.dex23.htm
EX-31.(B) - SECTION 302 CFO CERTIFICATION - Zep Inc.dex31b.htm
EX-31.(A) - SECTION 302 CEO CERTIFICATION - Zep Inc.dex31a.htm
EX-32.(B) - SECTION 906 CFO CERTIFICATION - Zep Inc.dex32b.htm
EX-10.(I)A(8) - PERFORMANCE UNDERTAKING - Zep Inc.dex10ia8.htm
EX-10.(I)A(7) - LOAN AND SECUIRITY AGREEMENT - Zep Inc.dex10ia7.htm
EX-10.(III)A(5) - AMENDMENT NO. 1 TO THE SUPPLEMENTAL DEFERRED SAVINGS PLAN - Zep Inc.dex10iiia5.htm
EX-10.(III)A(4) - ZEP INC. SUPPLEMENTAL DEFERRED SAVINGS PLAN - Zep Inc.dex10iiia4.htm
EX-32.(A) - SECTION 906 CEO CERTIFICATION - Zep Inc.dex32a.htm

Exhibit 12

Zep Inc.

Ratio of Earnings to Fixed Charges and of Earnings to Combined Fixed Charges and Preferred

Stock Dividends

(In thousands, except ratios)

 

     Fiscal Year Ended August 31,
     2009    2008    2007    2006    2005

Income before Provision for Income Taxes

    $ 15,184    $ 25,991    $ 24,837    $ 35,823    $ 35,104

Additions:

               

Fixed charges

      2,447      4,038      6,026      5,307      3,649
                                  

Total Earnings

    $ 17,631    $ 30,029    $ 30,863    $ 41,130    $ 38,753
                                  

Fixed Charges

               

Interest expense

    $ 1,791    $ 3,081    $ 5,218    $ 4,641    $ 2,935

Preferred stock dividends

      —        —        —        —        —  

Capitalized interest

      —        —        —        —        —  

Estimate of interest portion of rental expenses

      656      957      808      666      714
                                  

Total Fixed Charges

    $ 2,447    $ 4,038    $ 6,026    $ 5,307    $ 3,649
                                  

Ratio of Earnings to Fixed Charges

      7.2      7.4      5.1      7.8      10.6
                                  

Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

      7.2      7.4      5.1      7.8      10.6
                                  

Zep Inc. Reports