Exhibit 12.1
KEMET Corporation
Calculation of Earnings to Fixed Charges
(amounts in thousands)
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| Fiscal Year Ended March 31, |
| Six Months Ended September 30, |
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| 2006 |
| 2007 |
| 2008 |
| 2009 |
| 2010 |
| 2009 |
| 2010 |
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Earnings |
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Pre-tax income (loss) |
| $ | (12,100 | ) | $ | 4,769 |
| $ | (20,104 | ) | $ | (288,411 | ) | $ | (64,411 | ) | $ | (65,243 | ) | $ | 16,680 |
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Add: |
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Interest expense |
| 6,628 |
| 9,865 |
| 21,696 |
| 29,789 |
| 26,008 |
| 12,310 |
| 14,792 |
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Capitalized interest |
| 32 |
| 19 |
| 486 |
| — |
| 612 |
| 594 |
| 128 |
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Interest on rent |
| — |
| — |
| 946 |
| 1,027 |
| 1,608 |
| 537 |
| 820 |
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Total earnings (losses) available for fixed charges |
| $ | (5,440 | ) | $ | 14,653 |
| $ | 3,024 |
| $ | (257,595 | ) | $ | (36,183 | ) | $ | (51,802 | ) | $ | 32,420 |
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Fixed charges |
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Interest expense |
| $ | 6,628 |
| $ | 9,865 |
| $ | 21,696 |
| $ | 29,789 |
| $ | 26,008 |
| $ | 12,310 |
| $ | 14,792 |
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Capitalized interest |
| 32 |
| 19 |
| 486 |
| — |
| 612 |
| 594 |
| 128 |
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Interest on rent |
| — |
| — |
| 946 |
| 1,027 |
| 1,608 |
| 537 |
| 820 |
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Total fixed charges |
| $ | 6,660 |
| $ | 9,884 |
| $ | 23,128 |
| $ | 30,816 |
| $ | 28,228 |
| $ | 13,441 |
| $ | 15,740 |
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Ratio of earnings to fixed charges |
| — |
| 1.5 |
| — |
| — |
| — |
| — |
| 2.1 |
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Earnings to fixed charges deficiency |
| $ | 12,100 |
| — |
| $ | 20,104 |
| $ | 288,411 |
| $ | 64,411 |
| $ | 65,243 |
| $ | — |
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