Exhibit 12.1
American Pacific Corporation
Computation of Consolidated Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Computation of Consolidated Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Six Months Ended | ||||||||||||||||||||||||||||
March 31, | Year Ended September 30, | |||||||||||||||||||||||||||
2006 | 2007 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest Expensed and Capitalized | $ | 3,728 | $ | 5,841 | $ | 4,180 | $ | 1,696 | $ | — | $ | — | $ | 10,175 | ||||||||||||||
Amortized Premiums, Discounts and Capitalized Expenses Related to Indebtedness | 397 | 619 | — | — | — | — | 1,256 | |||||||||||||||||||||
An Estimate of the Interest within Rental Expense | 134 | 155 | 157 | 131 | 190 | 247 | 327 | |||||||||||||||||||||
Preference Security Dividend Requirements of Consolidated Subsidiaries | — | — | — | — | — | — | — | |||||||||||||||||||||
Total Fixed Charges | $ | 4,259 | $ | 6,615 | $ | 4,337 | $ | 1,827 | $ | 190 | $ | 247 | $ | 11,758 | ||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Income (Loss) from Continuing Operations before Income Tax | $ | (5,378 | ) | $ | 1,525 | $ | 12,899 | $ | 14,509 | $ | (1,231 | ) | $ | (18,910 | ) | $ | (7,303 | ) | ||||||||||
Fixed Charges | 4,259 | 6,615 | 4,337 | 1,827 | 190 | 247 | 11,758 | |||||||||||||||||||||
Amortization of Capitalized Interest | — | — | — | — | — | — | — | |||||||||||||||||||||
Distributed Income of Equity Investee | — | — | — | — | — | — | — | |||||||||||||||||||||
Share of Pre-Tax Losses of Equity Investee If Guarantees are in Fixed Charges | — | — | — | — | — | — | — | |||||||||||||||||||||
Interest Capitalized | — | — | — | — | — | — | — | |||||||||||||||||||||
Preference Security Dividends | — | — | — | — | — | — | — | |||||||||||||||||||||
Minority Interest | — | — | — | — | — | — | — | |||||||||||||||||||||
Total Earnings | $ | (1,119 | ) | $ | 8,140 | $ | 17,236 | $ | 16,336 | $ | (1,041 | ) | $ | (18,663 | ) | $ | 4,455 | |||||||||||
Ratio of Earnings to Fixed Charges | — | 1.23x | 3.97x | 8.94x | — | — | 0.38x | |||||||||||||||||||||
Total Insufficiency | $ | 5,378 | $ | — | $ | — | $ | — | $ | 1,231 | $ | 18,910 | $ | 7,303 |