EX-12 4 exhibit12oneq04.txt 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 three months ended March 31: 2004 2003 ---- ---- (Dollars in thousands) Earnings before fixed charges: Income before income taxes and equity in losses of affiliate .......... $18,322 $ 7,232 Interest and other debt expense ............ 15,222 18,789 Interest portion of rental expense ......... 199 195 ------- ------- Earnings before fixed charges .............. $33,743 $26,216 ======= ======= Fixed charges: Interest and other debt expense ............ $15,222 $18,789 Interest portion of rental expense ......... 199 195 Capitalized interest ....................... 103 575 ------- ------- Total fixed charges ........................ $15,524 $19,559 ======= ======= Ratio of earnings to fixed charges ................ 2.17 1.34