EX-12.1 4 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

Church & Dwight Co., Inc

Ratio of Earnings to Fixed Charges

 

     Years ended December 31,

    Nine months
ended


 
     2002

    2001

    2000

    1999

    1998

    Sept. 26,2003

 

Interest Expense

   22,027     11,154     4,856     2,760     2,653     12,921  

Capitalized Interest

   603     432     284     421     381     282  

Deferred Financing Amortization

   1,947     1,318     —       —       —       1,795  

Interest in Rent Expense

   2,937     1,666     922     896     931     2,203  
    

 

 

 

 

 

Total Fixed Charges

   27,514     14,570     6,062     4,077     3,965     17,201  

Total Rent Exp.

   8,901     5,048     2,794     2,715     2,821     6,676  

Interest rate

   33.00 %   33.00 %   33.00 %   33.00 %   33.00 %   33.00 %

Interest exp in rent

   2,937     1,666     922     896     931     2,203  

Income before taxes and minority interest

   101,235     77,744     52,161     72,703     46,186     95,276  

Plus:

                                    

Fixed Charges

   27,514     14,570     6,062     4,077     3,965     17,201  

Amort. of cap. Interest

   204     161     131     102     68     153  

Distributed income from equity invest.

   4,670     6,350     4,132     3,354     4,756     3,629  

Less:

                                    

Cap. Interest

   (603 )   (432 )   (284 )   (421 )   (381 )   (282 )

Income in earnings from affiliates

   (21,520 )   6,195     (3,011 )   (6,366 )   (5,276 )   (25,844 )

Min int. in pre-tax income of subs’ that have not incurred fixed charges

   (143 )   (3,889 )   (287 )   (525 )   —       (22 )
    

 

 

 

 

 

Total Earnings

   111,357     100,699     58,904     72,924     49,318     90,111  

Ratio

   4.05     6.91     9.72     17.89     12.44     5.24