EX-12 2 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,
     2008    2007    2006(a)    2005(a)    2004(a)
     (Dollars in thousands)

Earnings before fixed charges:

              

Income before income taxes

   $ 204,549    $ 193,201    $ 155,248    $ 148,389    $ 142,359

Interest and other debt expense

     60,160      66,003      59,397      60,616      57,222

Interest portion of rental expense

     1,318      2,004      1,741      1,268      893
                                  

Earnings before fixed charges

   $ 266,027    $ 261,208    $ 216,386    $ 210,273    $ 200,474
                                  

Fixed charges:

              

Interest and other debt expense

   $ 60,160    $ 66,003    $ 59,397    $ 60,616    $ 57,222

Interest portion of rental expense

     1,318      2,004      1,741      1,268      893

Capitalized interest

     1,990      2,553      1,721      1,165      679
                                  

Total fixed charges

   $ 63,468    $ 70,560    $ 62,859    $ 63,049    $ 58,794
                                  

Ratio of earnings to fixed charges

     4.19      3.70      3.44      3.34      3.41

 

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