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

 

    Three Months
Ended
March 31,
2009		     Year Ended December 31,  
      2008     2007     2006     2005     2004  
(dollars in millions)                                    

Earnings from continuing operations before taxes

   $ 159.1     $ 552.7     $ 579.4     $ 397.0     $ 456.3     $ 416.8  

Add (Deduct):

            

Fixed charges

     4.3       17.4       16.6       21.8       17.3       17.7  

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

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

Earnings available for fixed charges

   $ 163.2     $ 568.2     $ 595.3     $ 418.6     $ 470.0     $ 432.1  
                                               

Fixed charges:

            

Interest, including amounts capitalized(1)

   $ 3.0     $ 12.1     $ 11.9     $ 16.9     $ 12.2     $ 12.7  

Proportion of rent expense deemed to represent interest factor

     1.3       5.3       4.7       4.9       5.1       5.0  
                                               

Fixed charges

   $ 4.3     $ 17.4     $ 16.6     $ 21.8     $ 17.3     $ 17.7  
                                               

Ratio of earnings to fixed charges

     37.95       32.66       35.86       19.20       27.17       24.41  
                                               

 

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