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

NORANDA ALUMINUM HOLDING CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions)

 

     Three months
ended
June 30, 2011		     Six months
ended
June 30, 2011		  
     $     $  

Computation of earnings

     

Income before income taxes

      71.4        128.9   

Plus: fixed charges

      6.0        12.2   

Less: capitalized interest

      (0.2 )      (0.4 ) 
  

 

 

    

 

 

  

Earnings

      77.2        140.7   
  

 

 

    

 

 

  

Computation of fixed charges

     

Interest expense, net

      5.5        11.2   

Capitalized interest

      0.2        0.4   

Interest portion of operating lease expense

      0.3        0.6   
  

 

 

    

 

 

  

Fixed charges

      6.0        12.2   
  

 

 

    

 

 

  

Ratio of earnings to fixed charges

      12.9        11.5