Exhibit 12.1
Nexeo Solutions Holdings, LLC and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
The following table sets forth our ratios of earnings to fixed charges for the periods presented ($ in thousands):
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| For the Period |
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| from |
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| November 4, |
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| Six |
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| 2010 |
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| (inception) to |
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| Ended |
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| Fiscal Year Ended September 30, |
| September 30, |
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| March 31, |
| September 30, |
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| 2013 |
| 2012(1) |
| 2011(2) |
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| 2011 |
| 2010 |
| 2009 |
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Income (loss) before income taxes |
| $ | 14,725 |
| $ | (1,344 | ) | $ | (77,379 | ) |
| $ | 40,376 |
| $ | 55,869 |
| $ | 53,074 |
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Add: |
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Fixed charges |
| 59,260 |
| 46,892 |
| 25,555 |
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| 525 |
| 892 |
| 1,067 |
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Total adjusted earnings (loss) |
| $ | 73,985 |
| $ | 45,548 |
| $ | (51,824 | ) |
| $ | 40,901 |
| $ | 56,761 |
| $ | 54,141 |
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Fixed charges: |
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Interest expense |
| $ | 48,097 |
| $ | 38,793 |
| $ | 21,710 |
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| $ | — |
| $ | — |
| $ | — |
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Amortized premiums, discounts and capitalized expenses related to debt |
| 10,108 |
| 6,560 |
| 3,188 |
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| — |
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Estimated interest within rental expense |
| 1,055 |
| 1,539 |
| 657 |
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| 525 |
| 892 |
| 1,067 |
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Total fixed charges |
| $ | 59,260 |
| $ | 46,892 |
| $ | 25,555 |
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| $ | 525 |
| $ | 892 |
| $ | 1,067 |
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Ratio of earnings to fixed charges |
| 1.25 |
| — |
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| 77.91 |
| 63.63 |
| 50.74 |
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(1) For the fiscal year ended September 30, 2012, our earnings were insufficient to cover our fixed charges by $1.3 million.
(2) For the period from November 4, 2010 (inception) to September 30, 2011, our earnings were insufficient to cover our fixed charges by $77.4 million.
