EX-12.1 4 a2222663zex-12_1.htm EX-12.1

Exhibit 12.1

 

ECOLAB INC.

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(Dollars in millions, except ratios)

 

 

 

Nine Months
Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income from continuing operations before income or loss from equity investees

 

$

1,239.9

 

$

1,298.3

 

$

1,012.6

 

$

679.6

 

$

747.7

 

$

620.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges, as computed below

 

256.8

 

343.5

 

346.6

 

125.4

 

105.9

 

107.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings including fixed charges

 

$

1,496.7

 

$

1,641.8

 

$

1,359.2

 

$

805.0

 

$

853.6

 

$

727.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense and amortization of debt premiums and discounts related to indebtedness

 

$

202.0

 

$

272.8

 

$

285.6

 

$

82.1

 

$

65.6

 

$

67.5

 

Appropriate portion (1/3) of rentals representative of the interest factor

 

54.8

 

70.7

 

61.0

 

43.3

 

40.3

 

40.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

256.8

 

$

343.5

 

$

346.6

 

$

125.4

 

$

105.9

 

$

107.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

5.83

 

4.78

 

3.92

 

6.42

 

8.06

 

6.75