Attached files
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, | Six Months Ended February 28, |
Three Months Ended February 28, | |||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | 2010 | 2010 | |||||||||||||||
Income before Provision for Income Taxes |
$ | 15,184 | $ | 25,991 | $ | 24,837 | $ | 35,823 | $ | 35,104 | $ | 9,687 | $ | 980 | |||||||
Additions: |
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Fixed charges |
2,447 | 4,038 | 6,026 | 5,307 | 3,649 | 1,107 | 649 | ||||||||||||||
Total Earnings |
$ | 17,631 | $ | 30,029 | $ | 30,863 | $ | 41,130 | $ | 38,753 | $ | 10,794 | $ | 1,629 | |||||||
Fixed Charges |
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Interest expense |
$ | 1,791 | $ | 3,081 | $ | 5,218 | $ | 4,641 | $ | 2,935 | $ | 749 | $ | 479 | |||||||
Preferred stock dividends |
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Capitalized interest |
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Estimate of interest portion of rental expenses |
656 | 957 | 808 | 666 | 714 | 358 | 170 | ||||||||||||||
Total Fixed Charges |
$ | 2,447 | $ | 4,038 | $ | 6,026 | $ | 5,307 | $ | 3,649 | $ | 1,107 | $ | 649 | |||||||
Ratio of Earnings to Fixed Charges |
7.2 | 7.4 | 5.1 | 7.8 | 10.6 | 9.8 | 2.5 | ||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
7.2 | 7.4 | 5.1 | 7.8 | 10.6 | 9.8 | 2.5 | ||||||||||||||