Attached files
| file | filename |
|---|---|
| 10-K - 10-K - KMG CHEMICALS INC | kmg-10k_20180731.htm |
| EX-32.2 - EX-32.2 - KMG CHEMICALS INC | kmg-ex322_10.htm |
| EX-32.1 - EX-32.1 - KMG CHEMICALS INC | kmg-ex321_9.htm |
| EX-31.2 - EX-31.2 - KMG CHEMICALS INC | kmg-ex312_7.htm |
| EX-31.1 - EX-31.1 - KMG CHEMICALS INC | kmg-ex311_6.htm |
| EX-23.1 - EX-23.1 - KMG CHEMICALS INC | kmg-ex231_11.htm |
| EX-21.1 - EX-21.1 - KMG CHEMICALS INC | kmg-ex211_12.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
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Twelve Months Ended July 31, |
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2018 |
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2017 |
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2016 |
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2015 |
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2014 |
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Earnings: |
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Income before provision for income taxes |
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$ |
64,399 |
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$ |
32,442 |
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$ |
28,230 |
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$ |
18,884 |
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$ |
266 |
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Add: Fixed Charges |
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21,981 |
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5,217 |
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1,246 |
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1,897 |
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3,402 |
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Total Earnings |
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$ |
86,380 |
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$ |
37,659 |
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$ |
29,476 |
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$ |
20,781 |
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$ |
3,668 |
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Fixed Charges: |
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Interest expense (1) |
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$ |
21,529 |
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$ |
4,817 |
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$ |
799 |
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$ |
1,407 |
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$ |
2,854 |
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Estimated interest component of rental expense |
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452 |
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400 |
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447 |
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490 |
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548 |
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Total Fixed Charges |
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$ |
21,981 |
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$ |
5,217 |
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$ |
1,246 |
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$ |
1,897 |
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$ |
3,402 |
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Ratio of Earnings to Fixed Charges |
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3.9 |
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7.2 |
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23.7 |
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11.0 |
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1.1 |
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(1)Includes amortization of debt issuance costs.