Attached files
Exhibit 12
COMMERCIAL METALS COMPANY AND SUBSIDIARIES CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands, except ratios)
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands, except ratios)
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
EARNINGS:* |
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EARNINGS BEFORE INCOME TAXES |
$ | 33,925 | $ | 337,311 | $ | 536,056 | $ | 554,493 | $ | 443,033 | ||||||||||
INTEREST EXPENSE |
77,562 | 59,488 | 37,257 | 29,569 | 31,187 | |||||||||||||||
INTEREST IMPUTED ON RENT |
22,780 | 21,217 | 12,082 | 8,293 | 6,258 | |||||||||||||||
AMORTIZATION OF CAPITALIZED INTEREST |
899 | 728 | 655 | 1,224 | 1,224 | |||||||||||||||
TOTAL EARNINGS |
135,166 | 418,744 | 586,050 | 593,579 | 481,702 | |||||||||||||||
FIXED CHARGES:* |
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INTEREST EXPENSE |
77,562 | 59,488 | 37,257 | 29,569 | 31,187 | |||||||||||||||
INTEREST CAPITALIZED |
12,638 | 6,877 | 3,198 | 2,256 | 1,302 | |||||||||||||||
INTEREST IMPUTED ON RENT |
22,780 | 21,217 | 12,082 | 8,293 | 6,258 | |||||||||||||||
TOTAL FIXED CHARGES |
112,980 | 87,582 | 52,537 | 40,118 | 38,747 | |||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES |
1.20 | 4.78 | 11.16 | 14.80 | 12.43 |
* | Earnings and fixed charges include a division classified as discontinued operations. |