EX-12 6 p66881exv12.txt EX-12 PHELPS DODGE CORPORATION AND SUBSIDIARIES Exhibit 12 COMPUTATION OF TOTAL DEBT TO TOTAL CAPITALIZATION (Unaudited; dollars in millions)
June 30, December 31, 2002 2001 -------- -------- Short-term debt ............................... $ 51.6 59.3 Current portion of long-term debt ............. 135.7 269.7 Long-term debt ................................ 2,467.5 2,522.0 -------- -------- Total debt ............................... 2,654.8 2,851.0 Minority interests in consolidated subsidiaries 62.4 59.4 Shareholders' equity .......................... 3,220.8 2,707.2 -------- -------- Total capitalization ..................... $5,938.0 5,617.6 ======== ======== Ratio of total debt to total capitalization ... 44.7% 50.8% ======== ========