1
EXHIBIT 12
CABOT CORPORATION AND CONSOLIDATED SUBSIDIARIES
Statement Re: Computation of Ratios of Earnings to Fixed Charges
(Dollar amounts in thousands)
Years ended September 30
1995 1994 1993 1992 1991
---- ---- ---- ---- ----
Earnings:
Pre-tax income from continuing operations $256,342 $118,325 $ 67,900 $116,599 $ 62,362
Distributed income of affiliated companies 11,699 5,638 5,988 5,766 4,688
Add fixed charges:
Interest on indebtedness 35,639 41,668 44,043 41,714 38,661
Portion of rents representative of
the interest factor 5,515 5,879 4,838 4,933 5,715
-------- -------- -------- -------- --------
Income as adjusted $309,195 $171,510 $122,769 $169,012 $111,426
Fixed charges:
Interest on indebtedness $ 35,639 $ 41,668 $ 44,043 $ 41,714 $ 38,661
Capitalized interest _ _ _ 3,963 8,745
Portion of rents representative of
the interest factor 5,515 5,879 4,838 4,933 5,715
-------- -------- -------- -------- --------
Total fixed charges $ 41,154 $ 47,547 $ 48,881 $ 50,610 $ 53,121
Ratio of earnings to fixed charges 7.51 3.61 2.51 3.34 2.10
======== ======== ======== ======== ========