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

C&D TECHNOLOGIES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands except ratio data)

 

     Year Ended January 31,     Nine Months
Ended October 31,
 
     2010     2009     2008     2007     2006     2010  

Earnings

            

Loss before income taxes, noncontrolling interest and discontinued operations

   $ (23,557   $ (15,457   $ (770   $ (16,522   $ (2,660   $ (75,842

Interest expense and amortization of debt costs

     12,486        12,032        10,960        14,266        10,235        11,897   

Goodwill impairment

     —          —          —          —          —          59,978   

Interest portion of rent*

     820        782        678        699        621        457   
                                                
   $ (10,251   $ (2,644   $ 10,868      $ (1,557   $ 8,196      $ (3,510
                                                

Fixed Charges

            

Interest expense and amortization of debt costs

     12,486        12,032        10,960        14,266        10,235        11,897   

Interest portion of rent

     820        782        678        699        621        457   
                                                
   $ 13,306      $ 12,814      $ 11,638      $ 14,965      $ 10,856      $ 12,354   
                                                

Ratio of earnings to fixed charges

     x(1)        x(1)        x(1)        x(1)        x(1)        x(1)   
                                                

 

* The Company has determined the interest component of rent expense to be 0.30.
(1) The ratio of earnings to fixed charges was less than 1:1 for the nine months ended October 31, 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $75.3 million of earnings in the quarter. The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $23.6 million of earnings in fiscal 2010. The ratio of earnings to fixed charges was less than l:1 for fiscal year 2009.The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $23.6 million of earnings in fiscal 2010. The ratio of earnings to fixed charges was less than l:1 for fiscal year 2009. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $15.5 million of earning in fiscal 2009. The ratio of fixed charges was less than 1:1 for fiscal year 2008. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $0.8 million of earnings in fiscal year 2008. The ratio of fixed charges was less than 1:1 in fiscal year 2007. In order to achieve a ratio of earning to fixed charges of 1:1 we would have had to generate an additional $16.5 million of earnings in fiscal 2007. The ratio of fixed charges was less than 1:1 in fiscal 2007. The ratio of fixed charges was less than 1:1 in fiscal year 2006. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $2.7 million of earnings in fiscal 2006.