EX-12.1 7 a2210006zex-12_1.htm EX-12.1

Exhibit 12.1

 

KEMET Corporation

Calculation of Earnings to Fixed Charges

(amounts in thousands)

 

 

 

FY 2008

 

FY 2009

 

FY 2010

 

FY 2011

 

FY 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Fixed Charges Numerator

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income

 

(20,104

)

(288,411

)

(64,411

)

65,748

 

8,444

 

Fixed charges (see below)

 

23,128

 

30,816

 

28,228

 

32,619

 

31,325

 

Earnings

 

3,024

 

(257,595

)

(36,183

)

98,367

 

39,769

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

21,696

 

29,789

 

26,008

 

30,175

 

28,567

 

Capitalized interest

 

486

 

 

 

612

 

326

 

614

 

Interest on rent

 

946

 

1,027

 

1,608

 

2,118

 

2,144

 

 

 

23,128

 

30,816

 

28,228

 

32,619

 

31,325

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charge Ratio

 

 

 

 

3.0

 

1.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings to fixed charge deficiency

 

20,104

 

288,411

 

64,411