Exhibit 12.1
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in millions)
Nine months ended September 30, 2012 | Year Ended December 31, | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Combined fixed charges: | ||||||||||||||||||||||||
Capitalized interest credit | $ | 1.7 | $ | 6.7 | $ | 10.1 | $ | 7.8 | $ | 4.4 | $ | 3.6 | ||||||||||||
Interest factor in rent expense | 2.3 | 3.0 | 3.2 | 2.8 | 3.3 | 3.7 | ||||||||||||||||||
Other interest and fixed charges | 60.5 | 47.9 | 33.6 | 37.4 | 48.9 | 69.3 | ||||||||||||||||||
Preference dividends | — | — | — | — | — | — | ||||||||||||||||||
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Total combined fixed charges | $ | 64.5 | $ | 57.6 | $ | 46.9 | $ | 48.0 | $ | 56.6 | $ | 76.6 | ||||||||||||
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Earnings—pre-tax income (loss) with applicable adjustments | $ | 32.5 | $ | (186.0 | ) | $ | (125.4 | ) | $ | (47.9 | ) | $ | 55.3 | $ | 674.5 | |||||||||
Ratio of earnings to combined fixed charges | NM | * | NM | * | NM | * | NM | * | NM | * | 8.8 |
* | For the nine months ended September 30, 2012 and the years ended December 31, 2011, 2010, 2009 and 2008, earnings were less than combined fixed charges by $32.0, $243.6, $172.3, $95.9 and $1.3, respectively. |