RENTECH, INC. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - December 14, 2011

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EXCEL - IDEA: XBRL DOCUMENT - RENTECH, INC.Financial_Report.xls
EX-32.2 - EXHIBIT 32.2 - RENTECH, INC.c24830exv32w2.htm
EX-21 - EXHIBIT 21 - RENTECH, INC.c24830exv21.htm
EX-32.1 - EXHIBIT 32.1 - RENTECH, INC.c24830exv32w1.htm
EX-31.2 - EXHIBIT 31.2 - RENTECH, INC.c24830exv31w2.htm
EX-23.1 - EXHIBIT 23.1 - RENTECH, INC.c24830exv23w1.htm
EX-31.1 - EXHIBIT 31.1 - RENTECH, INC.c24830exv31w1.htm
EX-10.42 - EXHIBIT 10.42 - RENTECH, INC.c24830exv10w42.htm
10-K - FORM 10-K - RENTECH, INC.c24830e10vk.htm
Exhibit 12.1
Statement Regarding the Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
                                         
    Year Ended     Year Ended     Year Ended     Year Ended     Year Ended  
    9/30/11     9/30/10     9/30/09     9/30/08     9/30/07  
Pre-tax Income Loss from Continuing Operations
   $ (65,379 )   $ (41,716 )   $ 52     $ (59,412 )   $ (97,038 )
 
                              
Fixed Charges:
                                        
Interest expense
     16,666       14,235       14,099       7,894       4,601  
Capitalized interest expense
     4,868       2,907       2,160       907       798  
Amortization of discounts and issuance costs related to indebtedness (included in interest expense)
     —       —       —       —       —  
Rental expenses representative of an interest factor
     116       98       82       87       67  
 
                              
Total Fixed Charges
     21,650       17,240       16,341       8,888       5,466  
 
                              
Earnings:
                                        
Pre-tax Income (Loss) from Continuing Operations adjusted plus fixed charges
   $ (43,729 )   $ (24,476 )   $ 16,393     $ (50,524 )   $ (91,572 )
 
                              
Ratio of Earnings to Fixed Charges
   nm     nm       1.0     nm     nm  
Due to losses incurred for the fiscal years ended September 30, 2011, 2010, 2008 and 2007, we would have had to generate additional earnings of $65.4 million, $41.7 million, $59.4 million and $97.0 million, respectively, to achieve a coverage ratio of 1:1.

 

 

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