Attached files
| file | filename |
|---|---|
| 10-K/A - KRONOS INTERNATIONAL FORM 10-K/A (AMENDMENT NO. 2) - KRONOS INTERNATIONAL INC | kii10ka24q08.htm |
| EX-31.2 - KRONOS INTERNATIONAL 10-K/A2 EXHIBIT 31.2 - KRONOS INTERNATIONAL INC | kii10ka24q08exhibit31_2.htm |
| EX-31.1 - KRONOS INTERNATIONAL 10-K/A2 EXHIBIT 31.1 - KRONOS INTERNATIONAL INC | kii10ka24q08exhibit31_1.htm |
| EX-32.1 - KRONOS INTERNATIONAL 10-K/A2 EXHIBIT 32.1 - KRONOS INTERNATIONAL INC | kii10ka24q08exhibit32_1.htm |
EXHIBIT
12.1
Kronos
International, Inc. and Subsidiaries
Statements
of Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(In
millions, except ratios)
|
Years
ended December 31,
|
||||||||||||||||||||
|
2004
|
2005
|
2006
|
2007
|
2008
|
||||||||||||||||
|
Fixed
charges:
|
||||||||||||||||||||
|
Total
interest expense
|
$ | 36.7 | $ | 43.9 | $ | 63.3 | $ | 37.8 | $ | 40.7 | ||||||||||
|
Interest
component of rent expense(1)
|
2.7 | 2.8 | 2.8 | 3.1 | 3.4 | |||||||||||||||
|
Total
fixed charges
|
39.4 | 46.7 | 66.1 | 40.9 | 44.1 | |||||||||||||||
|
Adjustments:
|
||||||||||||||||||||
|
Income
before income taxes
|
64.1 | 119.6 | 66.0 | 63.5 | 22.7 | |||||||||||||||
|
Amortization
of capitalized interest
|
.5 | .4 | .3 | .4 | .3 | |||||||||||||||
|
Total
adjustments
|
64.6 | 120.0 | 66.3 | 63.9 | 23.0 | |||||||||||||||
|
Total
earnings available for fixed charges
|
$ | 104.0 | $ | 166.7 | $ | 132.4 | $ | 104.8 | $ | 67.1 | ||||||||||
|
Ratio
of earnings to combined fixed
charges
(2)
|
2.6 | 3.6 | 2.0 | 2.6 | 1.5 | |||||||||||||||
|
(1)
|
The
interest expense component of rental expense is calculated as one-third of
the aggregate rent expense for each year, which is a reasonable
approximation of the interest
factor.
|
|
(2)
|
Computed
as (y) total earnings available for fixed charges to (z) total fixed
charges.
|