Attached files
| file | filename |
|---|---|
| EX-95.1 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q3ex-951.htm |
| EX-32.1 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q3ex-321.htm |
| EX-31.1 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q3ex-311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Noranda Aluminum Holding CORP | Financial_Report.xls |
| 10-Q - 10-Q - Noranda Aluminum Holding CORP | a2014q310-q.htm |
| EX-31.2 - EXHIBIT - Noranda Aluminum Holding CORP | a2014q3ex-312.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended September 30, | Nine months ended September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
$ | $ | $ | $ | |||||
Computation of earnings: | ||||||||
Income (loss) before income taxes | (3.7 | ) | (32.1 | ) | (37.6 | ) | (50.0 | ) |
Plus: fixed charges | 13.7 | 13.7 | 40.8 | 37.8 | ||||
Less: capitalized interest | (0.6 | ) | (0.4 | ) | (1.5 | ) | (1.2 | ) |
Earnings | 9.4 | (18.8 | ) | 1.7 | (13.4 | ) | ||
Computation of fixed charges | ||||||||
Interest expense, net | 12.6 | 12.6 | 37.7 | 34.9 | ||||
Capitalized interest | 0.6 | 0.4 | 1.5 | 1.2 | ||||
Interest portion of operating lease expense | 0.5 | 0.7 | 1.6 | 1.7 | ||||
Fixed charges | 13.7 | 13.7 | 40.8 | 37.8 | ||||
Ratio of earnings to fixed charges | 0.69 | (a) | 0.04 | (a) | ||||
(a) Ratio is less than one; earnings are inadequate to cover fixed charges. The dollar amount of the coverage deficiency for the affected period is presented below. | ||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||
2014 | 2013 | 2014 | 2013 | |||||
$ | $ | $ | $ | |||||
Coverage deficiency-earnings to fixed charges | - | 32.5 | - | 51.2 | ||||