EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

C. R. BARD, INC. AND SUBSIDIARIES

Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges

 

    

Nine Months

Ended

September 30,

2007

     Year Ended December 31,  
       2006     2005     2004     2003     2002  

Earnings from continuing operations before taxes

    $ 423.9     $ 394.6     $ 453.7     $ 414.2     $ 223.2     $ 211.0  

Add (Deduct):

             

Fixed charges

      12.5       21.8       17.3       17.7       17.9       17.4  

Undistributed earnings of less than 50% owned companies carried at equity

      (1.4 )     (0.2 )     (3.6 )     (2.4 )     (2.0 )     (1.1 )
                                                

Earnings available for fixed charges

    $ 435.0     $ 416.2     $ 467.4     $ 429.5     $ 239.1     $ 227.3  
                                                

Fixed charges:

             

Interest, including amounts capitalized(1)

    $ 8.8     $ 16.9     $ 12.2     $ 12.7     $ 12.5     $ 12.6  

Proportion of rent expense deemed to represent interest factor

      3.7       4.9       5.1       5.0       5.4       4.8  
                                                

Fixed charges

    $ 12.5     $ 21.8     $ 17.3     $ 17.7     $ 17.9     $ 17.4  
                                                

Ratio of earnings to fixed charges

      34.80       19.09       27.02       24.27       13.36       13.06  
                                                
(1) Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges.