EXHIBIT 12.1
C&D TECHNOLOGIES, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands except ratio data)
| Nine Months | ||||||||||||||||||||||||
| Year Ended January 31, | Ended October 31, | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | 2011 | |||||||||||||||||||
| Earnings | ||||||||||||||||||||||||
| Loss before income taxes, noncontrolling interest and discontinued operations | $ | (68,764 | ) | $ | (23,557 | ) | $ | (15,457 | ) | $ | (770 | ) | $ | (16,522 | ) | $ | (4,915 | ) | ||||||
| Interest expense and amortization of debt costs | 14,795 | 12,486 | 12,032 | 10,960 | 14,266 | 3,844 | ||||||||||||||||||
| Interest portion of rent* | 625 | 820 | 782 | 678 | 699 | 509 | ||||||||||||||||||
| $ | (53,344 | ) | $ | (10,251 | ) | $ | (2,644 | ) | $ | 10,868 | $ | (1,557 | ) | $ | (562 | ) | ||||||||
| Fixed Charges | ||||||||||||||||||||||||
| Interest expense and amortization of debt costs | 14,795 | 12,486 | 12,032 | 10,960 | 14,266 | 3,844 | ||||||||||||||||||
| Interest portion of rent | 625 | 820 | 782 | 678 | 699 | 509 | ||||||||||||||||||
| $ | 15,420 | $ | 13,306 | $ | 12,814 | $ | 11,638 | $ | 14,965 | $ | 4,353 | |||||||||||||
| Ratio of earnings to fixed charges | x | (1) | x | (1) | x | (1) | x | (1) | x | (1) | x | (1) | ||||||||||||
| * | The Company has determined the interest component of rent expense to be 0.30. |
| (1) | The ratio of earnings to fixed charges was less than 1:1 for the nine months ended October 31, 2011. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $4.9 million of earnings in the nine month period. The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2011. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $68.8 million of earnings in fiscal 2011. The ratio of earnings to fixed charges was less than 1:1 for fiscal year 2010. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $23.6 million of earnings in fiscal 2010. The ratio of earnings to fixed charges was less than l:1 for fiscal year 2009. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $15.5 million of earnings in fiscal 2009. The ratio to fixed charges was less than 1:1 for fiscal year 2008. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $0.8 million of earnings in fiscal year 2008. The ratio to fixed charges was less than 1:1 in fiscal year 2007. In order to achieve a ratio of earnings to fixed charges of 1:1 we would have had to generate an additional $16.5 million of earnings in fiscal 2007. |