Attached files
file | filename |
---|---|
EX-32.2 - EX-32.2 - Domtar CORP | ufs-ex322_9.htm |
EX-31.1 - EX-31.1 - Domtar CORP | ufs-ex311_7.htm |
EX-32.1 - EX-32.1 - Domtar CORP | ufs-ex321_6.htm |
EX-31.2 - EX-31.2 - Domtar CORP | ufs-ex312_11.htm |
10-Q - 10-Q - Domtar CORP | ufs-10q_20150930.htm |
Exhibit 12.1
Domtar Corporation
Computation of ratio of earnings to fixed charges
(In millions of dollars, unless otherwise noted)
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Three months ended |
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Nine months ended |
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September 30, |
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September 30, |
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September 30, |
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September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
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$ |
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$ |
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$ |
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$ |
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Available earnings: |
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(Loss) earnings before income taxes |
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(3 |
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95 |
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79 |
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202 |
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Add fixed charges: |
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Interest expense incurred |
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21 |
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24 |
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70 |
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73 |
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Amortization of debt expense and discount |
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4 |
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1 |
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6 |
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3 |
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Interest portion of rental expense (1) |
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2 |
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2 |
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6 |
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7 |
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Total earnings as defined |
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24 |
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122 |
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161 |
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285 |
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Fixed charges: |
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Interest expense incurred |
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21 |
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24 |
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70 |
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73 |
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Amortization of debt expense and discount |
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4 |
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1 |
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6 |
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3 |
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Interest portion of rental expense (1) |
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2 |
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2 |
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6 |
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7 |
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Total fixed charges |
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27 |
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27 |
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82 |
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83 |
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Ratio of earnings to fixed charges |
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0.9 |
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4.5 |
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2.0 |
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3.4 |
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(1) |
Interest portion of rental expense is calculated based on the proportion deemed representation of the interest component (i.e 1/3 of rental expense). |