EXHIBIT 12.1 |
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Compass Minerals Group, Inc. |
Computation of Ratios of Earnings to Fixed Charges |
(in millions) |
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Year Ended December 31, | |||||||||||
2002 | 2001 | 2000 | |||||||||
Earnings: | |||||||||||
Income (loss) before income taxes | $ | 31.5 | $ | 45.9 | $ | (571.4 | ) | ||||
Plus fixed charges | 44.0 | 16.7 | 18.4 | ||||||||
Less capitalized interest | --- | (1.0 | ) | (1.1 | ) | ||||||
$ | 75.5 | $ | 61.6 | $ | (554.1 | ) | |||||
Fixed Charges: | |||||||||||
Interest charges | $ | 41.3 | $ | 14.3 | $ | 16.4 | |||||
Plus interest factor in operating rent expense | 2.7 | 2.4 | 2.0 | ||||||||
$ | 44.0 | $ | 16.7 | $ | 18.4 | ||||||
Ratio of earnings to fixed charges (excess of fixed charges over earnings) | 1.72x | 3.69x | $ | (572.5 | ) | ||||||
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