Exhibit 12
ALERIS INTERNATIONAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
| For the three months ended September 30, |
For the nine months ended September 30, | ||||||||||||
| 2005 |
2004 |
2005 |
2004 | ||||||||||
| Earnings: |
|||||||||||||
| Earnings before provisions for income taxes and minority interests |
$ | 29,258 | $ | (99 | ) | $ | 83,631 | $ | 5,282 | ||||
| Add: Equity in net earnings (loss) of affiliates |
74 | 90 | 295 | 135 | |||||||||
| Sub-total: |
29,332 | (9 | ) | 83,926 | 5,417 | ||||||||
| Add: Total fixed charges (per below) |
10,935 | 7,257 | 33,274 | 21,619 | |||||||||
| Less: Interest capitalization |
377 | 60 | 1,009 | 143 | |||||||||
| Total earnings before provision for income taxes, minority interest, and cumulative effect of accounting change |
39,890 | 7,188 | 116,191 | 26,893 | |||||||||
| Fixed Charges: |
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| Interest expense, including interest capitalized |
10,154 | 6,703 | 31,062 | 20,091 | |||||||||
| Portion of rental expense representative of the interest factor |
781 | 554 | 2,212 | 1,528 | |||||||||
| Total fixed charges |
10,935 | 7,257 | 33,274 | 21,619 | |||||||||
| Ratio of Earnings to Fixed Charges |
3.6 | (a | ) | 3.5 | 1.2 | ||||||||
| (a) | For the three months ended September 30, 2004, earnings were insufficient to cover fixed charges by $69. |