EX-12.1 5 c22442exv12w1.htm RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1
NEENAH ENTERPRISES, INC.
NEENAH FOUNDRY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES

(in Thousands)
                                         
    Reorganized     Predecessor  
    For the Years Ended September 30,  
    2007     2006     2005     2004     2003  
Earnings to fixed charges calculation (1)
                                       
 
                                       
Income (loss) from continuing operations before income taxes
  $ (22,747 )   $ 25,006     $ 18,504     $ 7,495     $ (31,411 )
Fixed charges
    32,695       34,384       34,392       34,392       48,407  
 
                             
 
  $ 9,948     $ 59,390     $ 52,896     $ 41,887     $ 16,996  
 
                             
 
                                       
Fixed charges:
                                       
 
                                       
Interest expense
  $ 31,700     $ 33,410     $ 33,419     $ 33,392     $ 47,445  
Interest portion of rent expense
    995       974       973       1,000       962  
 
                             
 
  $ 32,695     $ 34,384     $ 34,392     $ 34,392     $ 48,407  
 
                             
 
                                       
Ratio of earning to fixed charges
    N/A (2)     1.73       1.54       1.22       N/A (2)
 
(1)   For purposes of the computation, the ratio of earnings to fixed charges has been calculated by dividing (a) income from continuing operations before income taxes plus fixed charges by (b) fixed charges. Fixed charges are equal to interest expense plus the portion of the rent expense estimated to represent interest.
 
(2)   Earnings were insufficient to cover fixed charges for the years ended September 30, 2007 and 2003 by $22.7 million and $31.4 million, respectively.

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