Attached files
EXHIBIT 12.1
C&D TECHNOLOGIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands except ratio data)
| Year Ended January 31, | Six Months Ended July 31, |
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| 2011 | 2010 | 2009 | 2008 | 2007 | 2011 | |||||||||||||||||||
| Earnings |
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| Loss before income taxes, noncontrolling interest and discontinued operations |
$ | (68,764 | ) | $ | (23,557 | ) | $ | (15,457 | ) | $ | (770 | ) | $ | (16,522 | ) | $ | (1,227 | ) | ||||||
| Interest expense and amortization of debt costs |
14,795 | 12,486 | 12,032 | 10,960 | 14,266 | 2,511 | ||||||||||||||||||
| Interest portion of rent* |
625 | 820 | 782 | 678 | 699 | 340 | ||||||||||||||||||
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| $ | (53,344 | ) | $ | (10,251 | ) | $ | (2,644 | ) | $ | 10,868 | $ | (1,557 | ) | $ | 1,624 | |||||||||
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| Fixed Charges |
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| Interest expense and amortization of debt costs |
14,795 | 12,486 | 12,032 | 10,960 | 14,266 | 2,511 | ||||||||||||||||||
| Interest portion of rent |
625 | 820 | 782 | 678 | 699 | 340 | ||||||||||||||||||
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| $ | 15,420 | $ | 13,306 | $ | 12,814 | $ | 11,638 | $ | 14,965 | $ | 2,851 | |||||||||||||
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| Ratio of earnings to fixed charges |
x | (1) | x | (1) | x | (1) | x | (1) | x | (1) | x | (1) | ||||||||||||
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| * | The Company has determined the interest component of rent expense to be 0.30. |
| (1) | The ratio of earnings to fixed charges was less than 1:1 for the six months ended July 31, 2011. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $1,227 thousand of earnings in the six month period. The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2011. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $68.8 million of earnings in fiscal 2011. The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $23.6 million of earnings in fiscal 2010. The ratio of earnings to fixed charges was less than l:1 for fiscal year 2009. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $15.5 million of earnings in fiscal 2009. The ratio to fixed charges was less than 1:1 for fiscal year 2008. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $0.8 million of earnings in fiscal year 2008. The ratio to fixed charges was less than 1:1 in fiscal year 2007. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $16.5 million of earnings in fiscal 2007. |