EX-12.1 4 a2195613zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1

TRIUMPH GROUP, INC.

Computation of Ratio of Earnings to Fixed Charges
(in thousands)

 
  Six Months
Ended
September 30,
2009
  Fiscal year ended March 31,  
 
  2009   2008   2007   2006   2005  

EARNINGS AS DEFINED

                                     

Income from continuing operations, before income taxes

 
$

64,210
 
$

135,865
 
$

106,383
 
$

74,004
 
$

50,867
 
$

25,664
 

Fixed charges

    14,499     26,334     27,646     22,111     16,703     17,119  
                           
 

TOTAL EARNINGS, AS DEFINED

  $ 78,709   $ 162,199   $ 134,029   $ 96,115   $ 67,570   $ 42,783  
                           

FIXED CHARGES, AS DEFINED

                                     

Interest expense

  $ 8,171   $ 13,388   $ 14,351   $ 12,572   $ 11,753   $ 11,970  

Interest portion of rental expenses

    2,494     5,054     5,154     4,603     4,202     4,372  

Amortization of capitalized expenses related to debt

    840     1,685     2,289     2,287     748     777  

Accretion of debt discount

    2,994     6,207     5,852     2,649          
                           
 

TOTAL FIXED CHARGES, AS DEFINED

  $ 14,499   $ 26,334   $ 27,646   $ 22,111   $ 16,703   $ 17,119  
                           
 

RATIO OF EARNINGS TO FIXED CHARGES

   
5.4
   
6.2
   
4.8
   
4.3
   
4.0
   
2.5
 



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TRIUMPH GROUP, INC. Computation of Ratio of Earnings to Fixed Charges (in thousands)