EX-12 8 ex12.htm STATEMENT RE: COMPUTATION OF RATIOS

Exhibit 12

ArvinMeritor, Inc.

Computation of Earnings to Fixed Charges

Twelve Months Ended September 30, 2008

 

Earnings Available for Fixed Charges (A):

       
         

Pre-tax income from continuing operations

 

$

141

 
         

Less:

       

Equity in earnings of affiliates, net of dividends

   

(18

)

     

123

 

Add fixed charges included in earnings:

       

Interest expense

   

96

 

Interest element of rentals

   

10

 

Total

   

106

 
         

Total earnings available for fixed charges:

 

$

229

 
         

Fixed Charges (B):

       

Fixed charges included in earnings

 

$

106

 

Capitalized interest

   

 

Total fixed charges

 

$

106

 
         

Ratio of Earnings to Fixed Charges

   

2.16

 


(A) “Earnings” are defined as pre-tax income from continuing operations, adjusted for undistributed earnings of less than majority owned subsidiaries and fixed charges excluding capitalized interest.
 
(B) “Fixed charges” are defined as interest on borrowings (whether expensed or capitalized), the portion of rental expense applicable to interest, and amortization of debt issuance costs.