Attached files
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
| 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
| Earnings before income taxes |
$ | 205.3 | $ | 357.8 | $ | 284.2 | $ | 147.5 | $ | 144.8 | |||||
| Distributed income of equity investees |
– | 1.5 | 3.0 | – | – | ||||||||||
| Earnings before income taxes |
$ | 205.3 | $ | 359.3 | $ | 287.2 | $ | 147.5 | $ | 144.8 | |||||
| Fixed charges: |
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| Interest on debt |
$ | 47.0 | $ | 33.1 | $ | 45.5 | $ | 20.0 | $ | 21.1 | |||||
| Interest element of rentals |
2.9 | 2.7 | 2.5 | 2.2 | 2.4 | ||||||||||
| Total fixed charges |
$ | 49.9 | $ | 35.8 | $ | 48.0 | $ | 22.2 | $ | 23.5 | |||||
| Total adjusted earnings available for |
$ | 255.2 | $ | 395.1 | $ | 335.2 | $ | 169.7 | $ | 168.3 | |||||
| Ratio of earnings to fixed charges |
5.1 | 11.0 | 7.0 | 7.6 | 7.2 | ||||||||||
| 110 |
SNAP-ON INCORPORATED |