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

Exhibit 12.1

Domtar Corporation

Computation of ratio of earnings to fixed charges

For the three months ended March 31, 2009 and March 30, 2008

(In millions of dollars, unless otherwise noted)

 

     March 31, 2009     March 30, 2008
     $     $

Available earnings:

    

(Loss) earnings before income taxes

   (53 )   55

Add fixed charges:

    

Interest expense (excluding capitalized)

   30     37

Amortization of loan costs

   1     2

Interest factor in rents

   3     2
          

Total earnings as defined

   (19 )   96
          

Fixed charges:

    

Interest expense incurred

   30     37

Amortization of debt expense

   1     2

Interest portion of rental expense

   3     2
          

Total fixed charges

   34     41

Ratio of earnings to fixed charges

   —       2.3
          

Deficiency in the coverage of earnings to fixed charges

   53     —