EX-12.1 5 l42402exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Park Ohio Industries Inc.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except Ratio Data)

                                                         
    Three months ended                        
    March 31,     Year ended December 31,
    2011   2010   2010   2009   2008   2007   2006
     
Earnings (loss) before Income Taxes
  $ 10,831     $ 3,427     $ 19,094     $ 3,189     $ (101,682 )   $ 31,030     $ 28,753  
Less Capitalized Interest
                                                       
Fixed Charges
    7,056       6,493       28,224       28,216       32,721       36,450       35,714  
     
Earnings available for Fixed Charges
  $ 17,887     $ 9,920     $ 47,318     $ 31,405     $ (68,961 )   $ 67,480     $ 64,467  
 
                                                       
Fixed Charges:
                                                       
Interest Component of Rent Expense
    1,174       1,038       4,356       4,271       4,800       4,899       4,447  
Interest Expense
    5,882       5,455       23,868       23,945       27,921       31,551       31,267  
Interest Capitalized
                                                       
Amortization of Deferred Financing Costs(1)
                                                       
     
Total Fixed Charges
  $ 7,056     $ 6,493     $ 28,224     $ 28,216     $ 32,721     $ 36,450     $ 35,714  
     
 
                                                       
Ratio of Earnings to Fixed Charges
    2.54       1.53       1.68       1.11       (2)       1.85       1.81  
 
(1)   Included in Interest Expense
 
(2)   Earnings were inadequate to cover fixed charges for the year ended December 31, 2008 and the coverage deficiency totaled $101,682.