Exhibit 12.1
NEENAH ENTERPRISES, INC.
NEENAH FOUNDRY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(in Thousands)
NEENAH FOUNDRY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES
(in Thousands)
For the Years Ended September 30, | ||||||||||||||||||||
2008 | 2007 | 2006 | 2005 | 2004 | ||||||||||||||||
Earnings to fixed charges calculation (1) | ||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (17,173 | ) | $ | (22,747 | ) | $ | 25,006 | $ | 18,504 | $ | 7,495 | ||||||||
Fixed charges | 33,344 | 32,695 | 34,384 | 34,392 | 34,392 | |||||||||||||||
$ | 16,171 | $ | 9,948 | $ | 59,390 | $ | 52,896 | $ | 41,887 | |||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 32,469 | $ | 31,700 | $ | 33,410 | $ | 33,419 | $ | 33,392 | ||||||||||
Interest portion of rent expense | 875 | 995 | 974 | 973 | 1,000 | |||||||||||||||
$ | 33,344 | $ | 32,695 | $ | 34,384 | $ | 34,392 | $ | 34,392 | |||||||||||
Ratio of earning to fixed charges | N/A | (2) | N/A | (2) | 1.73 | 1.54 | 1.22 |
(1) | For purposes of the computation, the ratio of earnings to fixed charges has been calculated by dividing (a) income from continuing operations before income taxes plus fixed charges by (b) fixed charges. Fixed charges are equal to interest expense plus the portion of the rent expense estimated to represent interest. | |
(2) | Earnings were insufficient to cover fixed charges for the years ended September 30, 2008 and 2007 by $17.2 million and $22.7 million, respectively. |