RENTECH, INC. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - December 14, 2010

Attached files

file filename
10-K - FORM 10-K - RENTECH, INC.c09622e10vk.htm
EX-21 - EXHIBIT 21 - RENTECH, INC.c09622exv21.htm
EX-23.2 - EXHIBIT 23.2 - RENTECH, INC.c09622exv23w2.htm
EX-10.4 - EXHIBIT 10.4 - RENTECH, INC.c09622exv10w4.htm
EX-31.1 - EXHIBIT 31.1 - RENTECH, INC.c09622exv31w1.htm
EX-10.6 - EXHIBIT 10.6 - RENTECH, INC.c09622exv10w6.htm
EX-23.1 - EXHIBIT 23.1 - RENTECH, INC.c09622exv23w1.htm
EX-32.1 - EXHIBIT 32.1 - RENTECH, INC.c09622exv32w1.htm
EX-32.2 - EXHIBIT 32.2 - RENTECH, INC.c09622exv32w2.htm
EX-31.2 - EXHIBIT 31.2 - RENTECH, INC.c09622exv31w2.htm
Exhibit 12.1
Statement Regarding the Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
                                         
    Year Ended
9/30/10		     Year Ended
9/30/09		     Year Ended
9/30/08		     Year Ended
9/30/07		     Year Ended
9/30/06		  
 
                                        
Pre-tax Income Loss from Continuing Operations
   $ (41,716 )   $ (52 )   $ (59,412 )   $ (97,038 )   $ (40,838 )
 
                              
 
                                        
Fixed Charges:
                                        
 
                                        
Interest expense
     14,235       14,099       7,894       4,601       3,328  
 
                                        
Capitalized interest expense
     2,907       2,160       907       798       30  
 
                                        
Amortization of discounts and issuance costs related to indebtedness (included in interest expense)
     —       —       —       —       —  
 
                                        
Rental expenses representative of an interest factor
     98       82       87       67       40  
 
                              
 
                                        
Total Fixed Charges
     17,240       16,341       8,888       5,466       3,398  
 
                              
 
                                        
Earnings:
                                        
 
                                        
Pre-tax Income (Loss) from Continuing Operations adjusted plus fixed charges
   $ (24,476 )   $ 16,393     $ (50,524 )   $ (91,572 )   $ (37,440 )
 
                              
 
                                        
Ratio of Earnings to Fixed Charges
   nm       1.0     nm     nm     nm  
Due to losses incurred for the years ended September 30, 2010, 2008, 2007 and 2006, we would have had to generate additional earnings of $41.7 million, $59.4 million, $97.0 million and $40.8 million, respectively, to achieve a coverage ratio of 1:1.

 

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