EX-12.1.0 2 a1210ratioofearningstofixe.htm EXHIBIT 12.1.0 Exhibit


GrafTech International Ltd.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands, except ratios)


 
 
 
 
 
 
 
 
 
For the
 Period August 15 through December 31,
 
For the Period January 1 through August 14,
 
For the Year Ended
 
 
2015
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
   Income before income taxes
 
(26,671
)
 
(116,563
)
 
(295,542
)
 
(40,102
)
 
134,487

 
143,291

   Loss/(Gain) from equity investees
 
—

 
—

 
—

 
—

 
—

 
—

   Fixed Charges
 
11,703

 
28,398

 
38,080

 
36,904

 
24,314

 
19,107

   Total of Earnings plus Fixed Charges
 
(14,968
)
 
(88,165
)
 
(257,462
)
 
(3,198
)
 
158,801

 
162,398

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
   Interest expense
 
10,916

 
27,118

 
37,057

 
36,037

 
23,247

 
18,307

   Estimated interest portion of
      rental expense
 
787

 
1,280

 
1,023

 
867

 
1,067

 
800

   Total fixed charges
 
11,703

 
28,398

 
38,080

 
36,904

 
24,314

 
19,107

Ratio of earnings to fixed charges
 
(1.3
)
 
(3.1
)
 
(6.8
)
 
(0.1
)
 
6.5

 
8.5