EX-12.1 4 exhibit12-1.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exhibit12-1.htm

EXHIBIT 12.1
  
   
AK STEEL HOLDING CORPORATION
  
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
  
(dollars in millions)
  
                               
   
2010
    
2009
    
2008
    
2007
    
2006
  
Combined fixed charges:
                              
Capitalized interest credit
   $ 10.1     $ 7.8     $ 4.4     $ 3.6     $ 3.3  
Interest factor in rent expense
     3.2       2.8       3.3       3.7       2.8  
Other interest and fixed charges
     33.6       37.4       48.9       69.3       89.1  
Preference dividends
     —       —       —       —       —  
Total combined fixed charges
   $ 46.9     $ 48.0     $ 56.6     $ 76.6     $ 95.2  
                                         
Earnings-pretax income (loss) with
                                        
applicable adjustments
   $ (125.4 )   $ (47.9 )   $ 55.3     $ 674.5     $ 99.0  
                                         
Ratio of earnings to combined fixed charges
  
NM*
    
NM*
    
NM*
       8.8       1.0  
                                         
                                         

* In 2010, 2009 and 2008, earnings were less than combined fixed charges by $172.3, $95.9 and $1.3, respectively.