EX-12.1 4 d436188dex121.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES Computation of Ratio of Earnings to Combined Fixed Charges

Exhibit 12.1

AK STEEL HOLDING CORPORATION

RATIO OF EARNINGS TO COMBINED FIXED CHARGES

(dollars in millions)

 

     Nine months
ended
September 30,
2012		     Year Ended December 31,  

 

      2011     2010     2009     2008     2007  

Combined fixed charges:

             

Capitalized interest credit

    $ 1.7      $ 6.7      $ 10.1      $ 7.8      $ 4.4      $ 3.6   

Interest factor in rent expense

      2.3        3.0        3.2        2.8        3.3        3.7   

Other interest and fixed charges

      60.5        47.9        33.6        37.4        48.9        69.3   

Preference dividends

      —          —          —          —          —          —     
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total combined fixed charges

    $ 64.5      $ 57.6      $ 46.9      $ 48.0      $ 56.6      $ 76.6   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings—pre-tax income (loss) with applicable adjustments

    $ 32.5      $ (186.0 )    $ (125.4 )    $ (47.9 )    $ 55.3      $ 674.5   

Ratio of earnings to combined fixed charges

      NM *      NM *      NM *      NM *      NM *      8.8   

 

* For the nine months ended September 30, 2012 and the years ended December 31, 2011, 2010, 2009 and 2008, earnings were less than combined fixed charges by $32.0, $243.6, $172.3, $95.9 and $1.3, respectively.