Exhibit 12.1
KEMET Corporation
Calculation of Earnings to Fixed Charges
(amounts in thousands)
|
| FY 2008 |
| FY 2009 |
| FY 2010 |
| FY 2011 |
| FY 2012 |
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Consolidated Fixed Charges Numerator |
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Pre-tax income |
| (20,104 | ) | (288,411 | ) | (64,411 | ) | 65,748 |
| 8,444 |
|
Fixed charges (see below) |
| 23,128 |
| 30,816 |
| 28,228 |
| 32,619 |
| 31,325 |
|
Earnings |
| 3,024 |
| (257,595 | ) | (36,183 | ) | 98,367 |
| 39,769 |
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Denominator |
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Interest expense |
| 21,696 |
| 29,789 |
| 26,008 |
| 30,175 |
| 28,567 |
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Capitalized interest |
| 486 |
|
|
| 612 |
| 326 |
| 614 |
|
Interest on rent |
| 946 |
| 1,027 |
| 1,608 |
| 2,118 |
| 2,144 |
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|
| 23,128 |
| 30,816 |
| 28,228 |
| 32,619 |
| 31,325 |
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Fixed Charge Ratio |
| — |
| — |
| — |
| 3.0 |
| 1.3 |
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Earnings to fixed charge deficiency |
| 20,104 |
| 288,411 |
| 64,411 |
| — |
| — |
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