EX-12 4 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth Silgan Holdings Inc.’s computation of its ratio of earnings to fixed charges for the periods indicated.

 

     Years Ended December 31,
     2007    2006(a)    2005(a)    2004(a)    2003(a)
     (Dollars in thousands)

Earnings before fixed charges:

              

Income before income taxes and equity in losses of affiliates

   $ 193,201    $ 155,248    $ 148,389    $ 142,359    $ 70,058

Interest and other debt expense

     66,003      59,397      60,616      57,222      98,034

Interest portion of rental expense

     2,004      1,741      1,268      893      932
                                  

Earnings before fixed charges

   $ 261,208    $ 216,386    $ 210,273    $ 200,474    $ 169,024
                                  

Fixed charges:

              

Interest and other debt expense

   $ 66,003    $ 59,397    $ 60,616    $ 57,222    $ 98,034

Interest portion of rental expense

     2,004      1,741      1,268      893      932

Capitalized interest

     2,553      1,721      1,165      679      993
                                  

Total fixed charges

   $ 70,560    $ 62,859    $ 63,049    $ 58,794    $ 99,959
                                  

Ratio of earnings to fixed charges

     3.70      3.44      3.34      3.41      1.69

 

(a) Interest and other debt expense in 2006, 2005, 2004 and 2003 includes a loss on early extinguishment of debt of $0.2 million, $11.2 million, $1.6 million and $19.2 million, respectively.