EX-12 3 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

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

 

 

 

 

 

 

March 31,
2003

 

March 31,
2002

 

 

 

 

 

 

 

(Dollars in thousands)

 

Earnings before fixed charges:

 

 

 

 

 

 

 

Income before income taxes and equity in losses of affiliate

 

$

7,232

 

$

19,508

 

Interest and other debt expense

 

 

18,789

 

 

16,496

 

Interest portion of rental expense

 

 

195

 

 

139

 

 

 

 

 

Earnings before fixed charges

 

$

26,216

 

$

36,143

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

Interest and other debt expense

 

$

18,789

 

$

16,496

 

Interest portion of rental expense

 

 

195

 

 

139

 

Capitalized interest

 

 

575

 

 

212

 

 

 

 

 

Total fixed charges

 

$

19,559

 

$

16,847

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

1.34

 

 

2.15