EXHIBIT 12.2 COMPUTATIONS OF RATIO OF EARNINGS TO FIXED CHARGES The following table reflects Silgan Holdings Inc.'s computations of ratio of earnings to fixed charges for the periods indicated. YEARS ENDED DECEMBER 31, --------------------------------------------------- 1996 1995 1994 1993 1992 -------- --------- -------- --------- --------- (Dollars in thousands) Income (loss) before income taxes..... $ 33,937 $(10,889) $(7,431) $(12,466) $(17,578) Add: Interest expense and amortization of debt expense................. 89,353 80,710 65,789 54,265 57,091 Minority interest expense.......... -- -- -- -- 2,745 Rental expense representative of the interest factor............. 4,633 3,607 3,047 2,666 2,659 -------- -------- ------- -------- -------- Income as adjusted................. $127,923 $ 73,428 $61,405 $ 44,465 $ 44,917 ======== ======== ======= ======== ======== Fixed charges: Interest expense and amortization of debt expense................. $ 89,353 $ 80,710 $65,789 $ 54,265 $ 57,091 Minority interest expense.......... -- -- -- -- 2,745 Rental expense representative of the interest factor............. 4,633 3,607 3,047 2,666 2,659 -------- -------- ------- -------- -------- Total fixed charges................ $ 93,986 $ 84,317 $68,836 $ 56,931 $ 62,495 ======== ======= ======= ======== ======= Ratio of earnings to fixed charges.... 1.36 -- -- -- -- ======== Deficiency of earnings available to cover fixed charges................ -- $ 10,889 $ 7,431 $ 12,466 $ 17,578 ======== ======= ======== ========