EX-12.1 5 dex121.htm COMPUTATION OF RATIO OF PRO FORMA EARNINGS TO FIXED CHARGES Computation of Ratio of Pro Forma Earnings to Fixed Charges

Exhibit 12.1

Cabot Corporation

Unaudited Computation of Ratios of Pro Forma Earnings to Fixed Charges and

Preferred Stock Dividends

 

     Pro Forma
Nine Months
Ended 6/30/2009
    Pro Forma
Fiscal Year
Ended
9/30/2008
 
     (Dollars in millions except for ratios)  

(Loss) income from continuing operations before taxes, equity in net income of affiliated companies and minority interest

   $ (92   $ 112   

Add:

    

Fixed charges

     39        59   

Distributed income of affiliated companies

     2        2   
                

(Loss) earnings as adjusted

   $ (51   $ 173   
                

Interest expense

   $ 32      $ 50   

Capitalized interest

     2        3   

Estimate of interest in rental expense (33%)

     7        9   
                

Fixed Charges

     41        62   

Preferred stock dividends:

              
                

Combined fixed charges and preferred stock dividends

   $ 41      $ 62   
                

Ratio of earnings to combined fixed charges and preferred stock dividends

     N/A (1)      2.8

 

(1) The earnings to fixed charge ratio is negative because of the loss. The total dollar amount of the deficiency is $92 million.