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- 10-Q Quarterly report
- 10.6 Fifteenth Amendment to the Transfer and Administration Agreement
- 12 Computation of Ratio of Earnings to Fixed Charges
- 31.1 Certification of William A. Wulfsohn
- 31.2 Certification of J. Kevin Willis
- 32 Certification of William A. Wulfsohn and J. Kevin Willis
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EXHIBIT 12 | |||||||
ASHLAND GLOBAL HOLDINGS INC. | |||||||
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES | |||||||
(In millions) | |||||||
Nine months ended | |||||||
June 30 | |||||||
2017 | 2016 | ||||||
EARNINGS | |||||||
Income (loss) from continuing operations | $ | (53 | ) | $ | 61 | ||
Income tax benefit | (49 | ) | (39 | ) | |||
Interest expense | 91 | 122 | |||||
Interest portion of rental expense | 12 | 12 | |||||
Amortization of deferred debt expense | 108 | 9 | |||||
Distributions in excess of earnings | |||||||
of unconsolidated affiliates | 1 | — | |||||
$ | 110 | $ | 165 | ||||
FIXED CHARGES | |||||||
Interest expense | $ | 91 | $ | 122 | |||
Interest portion of rental expense | 12 | 12 | |||||
Amortization of deferred debt expense | 108 | 9 | |||||
Capitalized interest | 1 | 1 | |||||
$ | 212 | $ | 144 | ||||
RATIO OF EARNINGS TO FIXED CHARGES | (A) | 1.15 | |||||
(A) Deficiency Ratio - The Ratio of Earnings to Fixed Charges was less than 1x. To achieve a ratio of 1x, additional total earnings of $102 million would have been required for the nine months ended June 30, 2017. |