EX-12 2 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

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:

                            

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.