Exhibit 12
COOPER INDUSTRIES, LTD.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollar Amounts in Thousands)
(Unaudited)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollar Amounts in Thousands)
(Unaudited)
Nine Months Ended | ||||||||||||||||||||||||||||
September 30, | Year Ended December 31, | |||||||||||||||||||||||||||
2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
Interest Expense | $ | 38,500 | $ | 52,000 | $ | 64,800 | $ | 68,100 | $ | 74,100 | $ | 74,500 | $ | 84,700 | ||||||||||||||
Capitalized Interest | — | — | — | — | — | — | 1,462 | |||||||||||||||||||||
Estimated Interest Portion of Rent Expense | 7,960 | 7,902 | 10,583 | 11,666 | 12,183 | 14,679 | 13,369 | |||||||||||||||||||||
Fixed Charges | $ | 46,460 | $ | 59,902 | $ | 75,383 | $ | 79,766 | $ | 86,283 | $ | 89,179 | $ | 99,531 | ||||||||||||||
Income From Continuing Operations Before Income Taxes | $ | 477,900 | $ | 365,700 | $ | 495,000 | $ | 428,500 | $ | 346,500 | $ | 280,200 | $ | 316,400 | ||||||||||||||
Add: Fixed Charges | 46,460 | 59,902 | 75,383 | 79,766 | 86,283 | 89,179 | 98,069 | |||||||||||||||||||||
Less: Equity in Earnings of Less Than 50% Owned Companies | (1,459 | ) | (1,147 | ) | (1,328 | ) | (2,903 | ) | (2,534 | ) | (2,969 | ) | (2,922 | ) | ||||||||||||||
Earnings Before Fixed Charges | $ | 522,901 | $ | 424,455 | $ | 569,055 | $ | 505,363 | $ | 430,249 | $ | 366,410 | $ | 411,547 | ||||||||||||||
Ratio of Earnings to Fixed Charges | 11.3x | 7.1x | 7.5x | 6.3x | 5.0x | 4.1x | 4.1x |