Carlisle Companies (CSL) 10-Q 2009 Q3 Quarterly report

Exhibit 12

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the Company’s ratio of earnings to fixed charges for the nine months ended September 30, 2009 and the years ended December 31 as indicated:

	Nine Months Ended	Year Ended December 31,
	9/30/2009	2008	2007	2006	2005
Ratio of earnings to fixed charges	16.10	9.27	14.14	10.49	11.04

For purposes of computing the ratio of earnings to fixed charges, earnings are defined as earnings before income taxes from continuing operations, less interest on tax liabilities, plus fixed charges.  Fixed charges consist of interest expense (including capitalized interest, but excluding interest on tax liabilities) and the portion of rental expense that is representative of the interest factor.