Exhibit 12
SILGAN HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
The following table sets forth Silgan Holdings Inc.'s computation of its ratio
of earnings to fixed charges for the periods presented:
Three Months Ended Six Months Ended
------------------ ----------------
June 30, June 30, June 30, June 30,
2004 2003 2004 2003
---- ---- ---- ----
(Dollars in thousands)
Earnings before fixed charges:
Income before income taxes and
equity in losses of affiliate........ $30,147 $22,013 $48,469 $29,245
Interest and other debt expense ........ 15,083 20,038 30,305 38,827
Interest portion of rental expense ..... 180 191 378 385
------- ------- ------- -------
Earnings before fixed charges .......... $45,410 $42,242 $79,152 $68,457
======= ======= ======= =======
Fixed charges:
Interest and other debt expense ........ $15,083 $20,038 $30,305 $38,827
Interest portion of rental expense ..... 180 191 378 385
Capitalized interest ................... 98 211 201 786
------- ------- ------- -------
Total fixed charges .................... $15,361 $20,440 $30,884 $39,998
======= ======= ======= =======
Ratio of earnings to fixed charges ......... 2.96 2.07 2.56 1.71