Kraton Polymers 10-K 2007 FY Annual report

Exhibit 12.1

KRATON Polymers LLC
Ratio of Earnings to Fixed Charges
000’s

																Predecessor
													Period from			Period from
													December 23			January1,
	Year Ended			Year Ended			Year Ended			Year Ended			through			through			Year Ended
	December			December			December			December			December 31,			December 23,			December
	31, 2007			31, 2006			31, 2005			31, 2004			2003			2003			31, 2002
Fixed Charges:
+ Interest expensed		42,608			39,916			32,303			34,247			518			36,775			32,982
+ Interest capitalized		—			—			—			—			—			—			—
+ Amortization of deferred financing costs		2,715			2,351			2,262			5,563			38			13,370			3,763
+ Accretion of debt discount		—			—			—			—			—			8,505			1,044
+ Estimate of interest within rental expense		2,449			2,449			2,267			2,133			33			2,033			1,867
+ Preferance security dividend requirements		—			—			—			—			—			—			—
Total fixed charges		47,772			44,716			36,832			41,943			589			60,683			39,656
Earnings:
+ Pre-tax income (loss)		(37,605	)		22,068			34,179			(54,794	)		(3,406	)		12,870			52,332
- Income from equity investees		(626	)		(168	)		(1,516	)		(462	)		(28	)		(621	)		(1,171	)
+ fixed charges		47,772			44,716			36,832			41,943			589			60,683			39,656
+ Amortization of capitalized interest		—			—			—			—			—			—			—
+ Distributed income of equity investees		106			1,265			461			561			—			1,064			710
+ Pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges		—			—			—			—			—			—			—
- Interest capitalized		—			—			—			—			—			—			—
- Preferance security dividend requirements		—			—			—			—			—			—			—
- The minority interest in pre-tax income of subsidiaries that have not incurred fixed charges		—			—			—			—			—			—			—
Total Earnings		9,647			67,881			69,956			(12,752	)		(2,845	)		73,996			91,527
Deficiency (Surplus)		38,125			(23,165	)		(33,124	)		54,695			3,434			(13,313	)		(51,871	)
Ratio		0.20			1.52			1.90			(0.30	)		(4.83	)		1.22			2.31
Ratio of Earnings to Fixed Charges		0.2:1.0			1.5:1.0			1.9:1.0			—			—			1.2:1.0			2.4:1.0

Our earnings were insufficient to cover our fixed charges for the year ended December 31, 2004 by approximately $54.7 million and for the period from December 23 though December 31, 2003 by approximately $3.4 million.