EX-12.1 2 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

TRANSDIGM GROUP INCORPORATED

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Thousands)

 

     Fiscal Years Ended September 30,    Twenty-Six Week
Periods Ended
     2009    2008    2007    2006    2005    April. 3, 2010    March. 28, 2009

Earnings:

                    

Total earnings

   $ 162,902    $ 133,126    $ 88,645    $ 25,117    $ 34,687    $ 68,804    $ 79,903

Income tax provision

     88,100      73,476      53,426      16,318      22,627      38,780      44,137
                                                

Pre Tax Earnings

     251,002      206,602      142,071      41,435      57,314      107,584      124,040

Fixed charges:

                    

Interest charges

     84,398      92,677      91,767      76,732      80,266      56,928      43,622

Interest factor of operating rents (1)

     1,095      1,052      931      698      635      632      517
                                                

Total fixed charges

     85,493      93,729      92,698      77,430      80,901      57,560      44,139
                                                

Earnings as adjusted

   $ 336,495    $ 300,331    $ 234,769    $ 118,865    $ 138,215    $ 165,144    $ 168,179
                                                

Ratio of earnings to fixed charges

     3.9      3.2      2.5      1.5      1.7      2.9      3.8

 

(1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes plus fixed charges. Fixed charges consists of interest expense, amortization of debt issue costs and the portion of rental expense that management believes is representative of the interest component of rental expense.