EX-12.1 4 a2133904zex-12_1.htm EXHIBIT 12.1

Exhibit 12.1

Pliant Corporation

Statement Regarding Computation of
Ratios of Earnings to Fixed Charges

(in millions)

 
   Fiscal Year Ended December 31,
  
 
   1999
   2000
   2001
   2002
   2003
  
Earnings:                      
Income (loss) before taxes   32.4   (72.5 ) 4.7   (44.9 ) (109.1 )
Fixed charges (from below)   46.2   89.5   78.6   78.8   100.6  
   
 
 
 
 
 
  Earnings   78.6   17.0   83.3   33.9   (8.5 )
   
 
 
 
 
 

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense   44.0   87.2   76.0   75.3   96.4  
  Estimated interest portion of operating leases (assumed 1/3)   2.2   2.3   2.6   3.5   4.2  
   
 
 
 
 
 
Fixed charges   46.2   89.5   78.6   78.8   100.6  
   
 
 
 
 
 

Ratio of earnings to fixed charges
 
1.7
x
—
 
1.1
x
—
 
—
 

Deficiency of earnings to fixed charges
 
—
 
(72.5
)
—
 
(44.9
)
(109.1
)