EX-12 4 thirdqex12.txt EXHIBIT 12 TO 3RD 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 Nine Months Ended ------------------ ----------------- Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2001 2000 2001 2000 ---- ---- ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes and equity in losses of affiliates ............ $45,946 $33,276 $ 68,473 $ 55,687 Interest and other debt expense .............. 19,702 23,500 63,818 66,097 Interest portion of rental expense ........... 219 311 786 906 ------- ------- -------- -------- Earnings before fixed charges ................ $65,867 $57,087 $133,077 $122,690 ======= ======= ======== ======== Fixed charges: Interest and other debt expense .............. $19,702 $23,500 $ 63,818 $ 66,097 Interest portion of rental expense ........... 219 311 786 906 Capitalized interest ......................... 455 408 1,380 1,690 ------- ------- -------- -------- Total fixed charges .......................... $20,376 $24,219 $ 65,984 $ 68,693 ======= ======= ======== ======== Ratio of earnings to fixed charges 3.23 2.36 2.02 1.79