EX-12.1 5 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

C. R. BARD, INC. AND SUBSIDIARIES

Exhibit 12.1 - Computation of Ratio of Earnings to Fixed Charges

 

(dollars in millions)    2007     2006     2005     2004     2003  

Earnings from continuing operations before taxes

    $ 577.3     $ 394.6     $ 453.7     $ 414.2     $ 223.2  

Add (Deduct):

           

Fixed charges

      16.6       21.8       17.3       17.7       17.9  

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

      (0.7 )     (0.2 )     (3.6 )     (2.4 )     (2.0 )
                                        

Earnings available for fixed charges

      593.2     $ 416.2     $ 467.4     $ 429.5     $ 239.1  
                                        

Fixed charges:

           

Interest, including amounts capitalized(1)

      11.9     $ 16.9     $ 12.2     $ 12.7     $ 12.5  

Proportion of rent expense deemed to represent interest factor

      4.7       4.9       5.1       5.0       5.4  
                                        

Fixed charges

      16.6     $ 21.8     $ 17.3     $ 17.7     $ 17.9  
                                        

Ratio of earnings to fixed charges

      35.73       19.09       27.02       24.27       13.36  
                                        

 

(1) Interest related to unrecognized tax benefits is included as income tax expense and not included in fixed charges.

 

Exhibit 12.1