C&D (CHP) 10-Q 2011 Q2 Quarterly report

EXHIBIT 12.1

C&D TECHNOLOGIES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands except ratio data)

	Year Ended January 31,															Six Months Ended July  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	)	$	(1,227	)
Interest expense and amortization of debt costs		14,795			12,486			12,032			10,960			14,266			2,511
Interest portion of rent*		625			820			782			678			699			340
	$	(53,344	)	$	(10,251	)	$	(2,644	)	$	10,868		$	(1,557	)	$	1,624
Fixed Charges
Interest expense and amortization of debt costs		14,795			12,486			12,032			10,960			14,266			2,511
Interest portion of rent		625			820			782			678			699			340
	$	15,420		$	13,306		$	12,814		$	11,638		$	14,965		$	2,851
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 six months ended July 31, 2011. In order to achieve a ratio of earnings to fixed charges of 1:1, we would have had to generate an additional $1,227 thousand of earnings in the six 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.