EX-12 4 exhibit12.htm exhibit12.htm
 
 
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 presented:
 
 
   
Three Months Ended
    
Six Months Ended
  
   
June 30,
    
June 30,
    
June 30,
    
June 30,
  
   
2010
    
2009
    
2010
    
2009
  
   
(Dollars in thousands)
  
                         
Earnings before fixed charges:
                        
                         
Income before income taxes
   $ 55,087     $ 53,910     $ 99,258     $ 95,850  
                                 
Interest and other debt expense
     11,971       12,869       24,506       23,326  
                                 
Interest portion of rental expense
     83       92       167       189  
                                 
Earnings before fixed charges
   $ 67,141     $ 66,871     $ 123,931     $ 119,365  
                                 
Fixed charges:
                                
                                 
Interest and other debt expense
   $ 11,971     $ 12,869     $ 24,506     $ 23,326  
                                 
Interest portion of rental expense
     83       92       167       189  
                                 
Capitalized interest
     74       (51 )      195          171  
                                 
Total fixed charges
   $ 12,128     $ 12,910     $ 24,868     $ 23,686  
                                 
Ratio of earnings to fixed charges
     5.54       5.18       4.98       5.04