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

 

Church & Dwight Co., Inc

Ratio of Earnings to Fixed Charges

 

     Three months
ended


   

Years ended December 31,


 
     April 2, 2004

    2003

    2002

    2001

    2000

    1999

 

Interest Expense

   4,104     18,214     22,027     11,154     4,856     2,760  

Capitalized Interest

   27     403     603     432     284     421  

Deferred Financing Amortization

   427     2,187     1,947     1,318     —       —    

Interest in Rent Expense

   701     2,805     2,937     1,666     922     896  
    

 

 

 

 

 

Total Fixed Charges

   5,259     23,609     27,514     14,570     6,062     4,077  

Total Rent Exp.

   2,125     8,501     8,901     5,048     2,794     2,715  

Interest rate

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

Interest exp in rent

   701     2,805     2,937     1,666     922     896  

Income before taxes and minority interest

   44,642     116,965     101,235     77,744     52,161     72,703  

Plus:

                                    

Fixed Charges

   5,259     23,609     27,514     14,570     6,062     4,077  

Amort. of cap. Interest

   67     246     204     161     131     102  

Distributed income from equity invest.

   1,218     4,570     4,670     6,350     4,132     3,354  

Less:

                                    

Cap. Interest

   (27 )   (403 )   (603 )   (432 )   (284 )   (421 )

Income in earnings from affiliates

   (9,824 )   (28,632 )   (21,520 )   6,195     (3,011 )   (6,366 )

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

   (6 )   (30 )   (143 )   (3,889 )   (287 )   (525 )
    

 

 

 

 

 

Total Earnings

   41,329     116,325     111,357     100,699     58,904     72,924  

Ratio

   7.86     4.93     4.05     6.91     9.72     17.89