EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Jarden Corporation

Ratio of Earnings to Fixed Charges Calculation (A)

 

     For the Years Ended December 31,  
     2004    2005    2006    2007    2008  
     (in millions)  

Earnings Before Fixed Charges:

              

Net income (loss)

   $ 42.4    $ 60.7    $ 106.0    $ 28.1    $ (58.9 )

Add: Income tax provision

     26.0      35.0      82.0      38.5      26.3  

Less/add: Equity (income) loss of minority-owned companies

     —        —        —        0.2      0.1  

Add: Amortization of capitalized interest

     —        —        —        0.1      0.2  

Add: Fixed charges

     32.2      98.1      130.8      173.9      206.3  
                                    

Total earnings available for fixed charges

   $ 100.6    $ 193.8    $ 318.8    $ 240.8    $ 174.0  
                                    

Fixed Charges:

              

Interest expense

   $ 27.6    $ 84.2    $ 112.6    $ 149.7    $ 178.7  

Interest component of rental expense

     4.6      13.8      17.7      24.0      27.6  
                                    

Total fixed charges before capitalized interest

     32.2      98.0      130.3      173.7      206.3  

Capitalized interest

     —        —        0.5      0.2      —    
                                    

Total Fixed Charges

   $ 32.2    $ 98.0    $ 130.8    $ 173.9    $ 206.3  
                                    

Ratio of Earnings to Fixed Charges

     3.1      2.0      2.4      1.4      (B)  
                                    

 

(A)  – This exhibit is provided as required by Item 503(d) of Regulation S-K solely because the Company has outstanding debt securities registered under the Securities Act of 1933, as amended. Neither the Company’s registered debt securities nor its senior credit facility contains a ratio of earnings-to-fixed-charges covenant.
(B)  – Due to the loss in 2008, additional net income of $32.3 is required to achieve a ratio of 1:1.