EX-12.1 5 dex121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement re: computation of ratio of earnings to fixed charges

Exhibit 12.1

 

Cable Design Technologies Corporation

 

     Years Ended July 31,

   

Three Months

Ended

Oct. 31,


Description


   1999

   2000

   2001

   2002

   2003

    2003

     (dollars in thousands)      

Fixed Charges

                                        

1. Interest expensed and capitalized

   $ 13,530    $ 12,295    $ 9,448    $ 6,914    $ 5,495     $2,522

2. Amortization of deferred financing expenses

     338      390      387      431      1,350          231

3. An estimate of the interest factor in rental expense

     1,249      1,333      1,480      1,901      1,797          834
    

  

  

  

  


 

Total Fixed Charges

   $ 15,117    $ 14,018    $ 11,315    $ 9,246    $ 8,642     $3,587
    

  

  

  

  


 

Earnings

                                        

1. Pre-tax income (loss) from continuing operations before minority interests

   $ 45,668    $ 75,815    $ 38,083    $ 9,691    $ (1,152 )   $4,879

2. Fixed charges

     15,117      14,018      11,315      9,246      8,642       3,587

3. Amortization of Capitalized Interest (less interest capitalized)

     5      8      8      8      8              (3)
    

  

  

  

  


 

Total Earnings

   $ 60,790    $ 89,841    $ 49,406    $ 18,945    $ 7,498     $8,463
    

  

  

  

  


 

Ratio of Earnings to Fixed Charges

     4.02x      6.41x      4.37x      2.05x      —   (a)     2.36x
    

  

  

  

  


 

(a) For the year ended July 31, 2003, fixed charges exceeded earnings by approximately $1.1 million.