Exhibit 12.1
Sensata Technologies B.V.
Computation of Ratio of Earnings To Fixed Charges
(dollars in thousands)
(Unaudited)
Predecessor | Successor | |||||||||||||||||||||
2004 (Unaudited) | 2005 (Unaudited) | January 1, 2006 - April 26, 2006 (Unaudited) | April 27, 2006 - December 31, 2006 (Unaudited) | 2007 (Unaudited) | 2008 (Unaudited) | |||||||||||||||||
Income/(loss) from continuing operations before income taxes | $ | 235,446 | $ | 225,731 | $ | 71,333 | $ | (162,435 | ) | $ | (171,745 | ) | $ | (60,870 | ) | |||||||
Add: Fixed Charges | 810 | 1,090 | 1,143 | 166,079 | 192,968 | 200,325 | ||||||||||||||||
Total Earnings | $ | 236,256 | $ | 226,821 | $ | 72,476 | $ | 3,644 | $ | 21,223 | $ | 139,455 | ||||||||||
Fixed charges: | ||||||||||||||||||||||
Interest expense | — | 105 | 511 | 153,642 | 181,521 | 187,143 | ||||||||||||||||
Amortization of debt issuance cost | — | — | — | 11,518 | 9,640 | 10,697 | ||||||||||||||||
Portion of rent expense estimated to represent interest(1) | 810 | 985 | 632 | 919 | 1,807 | 2,485 | ||||||||||||||||
Total fixed charges | $ | 810 | $ | 1,090 | $ | 1,143 | $ | 166,079 | $ | 192,968 | $ | 200,325 | ||||||||||
Ratio of earnings to fixed charges | 291.7 | 208.1 | 63.4 | NM | NM | NM |
(1) | Represents approximately one-third of rent expense which is deemed to represent the interest component of rental payments. |
NM - Due to the registrant’s loss in the Successor periods, the ratio coverage was less than 1:1. The registrant must generate additional earnings for the period April 27, 2006 to December 31, 2006 and the fiscal years 2007 and 2008 of $162,435, $171,745 and $60,870, respectively, to achieve a coverage of 1:1.