EX-12 4 secondqex12.txt EXHIBIT 12 TO SECOND QUARTER 10-Q 2001 Exhibit 12 SILGAN HOLDINGS INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) The following table sets forth Silgan Holdings Inc.'s computation of its ratio of earnings to fixed charges for the periods indicated. Three Months Ended Six Months Ended ------------------ ---------------- June 30, June 30, June 30, June 30, 2001 2000 2001 2000 ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes ................... $16,687 $13,737 $22,527 $22,411 Interest and other debt expense .............. 21,248 21,616 44,116 42,597 Interest portion of rental expense ........... 256 302 569 592 ------- ------- ------- ------- Earnings before fixed charges ................ $38,191 $35,655 $67,212 $65,600 ======= ======= ======= ======= Fixed charges: Interest and other debt expense .............. $21,248 $21,616 $44,116 $42,597 Interest portion of rental expense ........... 256 302 569 592 Capitalized interest ......................... 381 815 925 1,324 ------- ------- ------- ------- Total fixed charges .......................... $21,885 $22,733 $45,610 $44,513 ======= ======= ======= ======= Ratio of earnings to fixed charges .................. 1.75 1.57 1.47 1.47