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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
1996 1995 1994 1993 1992
---- ---- ---- ---- ----
Earnings:
Income before taxes $279,834 $256,029 $118,325 $ 67,900 $116,599
Distributed income of affiliated companies 11,173 11,699 5,638 5,988 5,766
Add fixed charges:
Interest on indebtedness 41,718 35,639 41,668 44,043 41,714
Portion of rents representative of
the interest factor 4,837 5,515 5,879 4,838 4,933
-------- -------- -------- --------- --------
Income as adjusted $337,562 $308,882 $171,510 $122,769 $169,012
Fixed charges:
Interest on indebtedness $ 41,718 $ 35,639 $ 41,668 $ 44,043 $ 41,714
Capitalized interest - - - 3,963 -
Portion of rents representative of
the interest factor 4,837 5,515 5,879 4,838 4,933
-------- -------- --------- --------- ---------
Total fixed charges $ 46,555 $ 41,154 $ 47,547 $ 48,881 $ 50,610
Ratio of earnings to fixed charges 7.25 7.51 3.61 2.51 3.34
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