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

(Amounts in Thousands)

 

     Fiscal Year Ended September 30,
     2008    2007    2006    2005    2004

Earnings:

               

Total earnings

   $ 133,126    $ 88,645    $ 25,117    $ 34,687    $ 13,622

Income tax provision

     73,476      53,426      16,318      22,627      6,682
                                  

Pre Tax Earnings

     206,602      142,071      41,435      57,314      20,304
                                  

Fixed charges:

               

Interest charges

      92,677      91,767      76,732      80,266      74,675

Interest factor of operating rents

      1,052      931      698      635      452
                                  

Total fixed charges

      93,729      92,698      77,430      80,901      75,127
                                  

Earnings as adjusted

    $ 300,331    $ 234,769    $ 118,865    $ 138,215    $ 95,431
                                  

Ratio of earnings to fixed charges (1)

      3.2      2.5      1.5      1.7      1.3
                                  

 

(1) For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes plus fixed charges. Fixed charges consist of interest expense, amortization of debt issuance costs and the portion (approximately 33%) of rental expense that management believes is representative of the interest component of rental expense.