Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - C&D TECHNOLOGIES INC | Financial_Report.xls |
| 10-Q - 10-Q - C&D TECHNOLOGIES INC | v242449_10q.htm |
| EX-31.2 - EXHIBIT 31.2 - C&D TECHNOLOGIES INC | v242449_ex31-2.htm |
| EX-31.1 - EXHIBIT 31.1 - C&D TECHNOLOGIES INC | v242449_ex31-1.htm |
| EX-32.1 - EXHIBIT 32.1 - C&D TECHNOLOGIES INC | v242449_ex32-1.htm |
EXHIBIT 12.1
C&D TECHNOLOGIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands except ratio data)
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Nine Months
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Year Ended January 31,
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Ended October 31,
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2011
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2010
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2009
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2008
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2007
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2011
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Earnings
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Loss before income taxes, noncontrolling interest and discontinued operations
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$ | (68,764 | ) | $ | (23,557 | ) | $ | (15,457 | ) | $ | (770 | ) | $ | (16,522 | ) | $ | (4,915 | ) | ||||||
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Interest expense and amortization of debt costs
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14,795 | 12,486 | 12,032 | 10,960 | 14,266 | 3,844 | ||||||||||||||||||
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Interest portion of rent*
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625 | 820 | 782 | 678 | 699 | 509 | ||||||||||||||||||
| $ | (53,344 | ) | $ | (10,251 | ) | $ | (2,644 | ) | $ | 10,868 | $ | (1,557 | ) | $ | (562 | ) | ||||||||
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Fixed Charges
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Interest expense and amortization of debt costs
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14,795 | 12,486 | 12,032 | 10,960 | 14,266 | 3,844 | ||||||||||||||||||
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Interest portion of rent
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625 | 820 | 782 | 678 | 699 | 509 | ||||||||||||||||||
| $ | 15,420 | $ | 13,306 | $ | 12,814 | $ | 11,638 | $ | 14,965 | $ | 4,353 | |||||||||||||
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Ratio of earnings to fixed charges
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x | (1) | x | (1) | x | (1) | x | (1) | x | (1) | x | (1) | ||||||||||||
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*
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The Company has determined the interest component of rent expense to be 0.30.
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(1)
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The ratio of earnings to fixed charges was less than 1:1 for the nine months ended October 31, 2011. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $4.9 million of earnings in the nine 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.
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