EX-12.1 3 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,
2008		     Year Ended December 31,  
      2007     2006     2005     2004     2003  
(dollars in millions)                                    

Earnings from continuing operations before taxes

   $ 384.1     $ 577.3     $ 394.6     $ 453.7     $ 414.2     $ 223.2  

Add (Deduct):

            

Fixed charges

     12.6       16.6       21.8       17.3       17.7       17.9  

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

     (1.9 )     (0.7 )     (0.2 )     (3.6 )     (2.4 )     (2.0 )
                                               

Earnings available for fixed charges

   $ 394.8     $ 593.2     $ 416.2     $ 467.4     $ 429.5     $ 239.1  
                                               

Fixed charges:

            

Interest, including amounts capitalized(1)

   $ 9.1     $ 11.9     $ 16.9     $ 12.2     $ 12.7     $ 12.5  

Proportion of rent expense deemed to represent interest factor

     3.5       4.7       4.9       5.1       5.0       5.4  
                                               

Fixed charges

   $ 12.6     $ 16.6     $ 21.8     $ 17.3     $ 17.7     $ 17.9  
                                               

Ratio of earnings to fixed charges

     31.33       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.