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8-K Filing
Cleveland-Cliffs (CLF) 8-KOther Events
Filed: 15 Sep 10, 12:00am
Exhibit 12.1
Ratio of Earnings to Fixed Charges
(In Millions)
Six months ended June 30, | ||||||||
2010 | 2009 | |||||||
Consolidated pretax income from continuing operations | $ | 520.9 | $ | 55.8 | ||||
Undistributed earnings of non-consolidated affiliates | 4.8 | (34.7 | ) | |||||
Amortization of capitalized interest | 1.8 | 1.8 | ||||||
Interest expense | 23.5 | 19.3 | ||||||
Interest portion of rental expense | 2.5 | 2.9 | ||||||
Total Earnings | $ | 553.5 | $ | 45.1 | ||||
Interest expense | $ | 23.5 | $ | 19.3 | ||||
Interest portion of rental expense | 2.5 | 2.9 | ||||||
Fixed Charges | $ | 26.0 | $ | 22.2 | ||||
RATIO OF EARNINGS TO FIXED CHARGES | 21.3x | 2.0x |
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