EX-12.1 4 c55279aexv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
NEENAH ENTERPRISES, INC.
NEENAH FOUNDRY COMPANY
RATIO OF EARNINGS TO FIXED CHARGES

(in Thousands)
                                         
    For the Years Ended September 30,  
    2009     2008     2007     2006     2005  
Earnings to fixed charges calculation (1)
                                       
 
                                       
Income (loss) from continuing operations before income taxes
  $ (174,362 )   $ (17,173 )   $ (22,747 )   $ 25,006     $ 18,504  
Fixed charges
    34,814       33,344       32,695       34,384       34,392  
 
                             
 
  $ (139,548 )   $ 16,171     $ 9,948     $ 59,390     $ 52,896  
 
                             
 
                                       
Fixed charges:
                                       
 
                                       
Interest expense
  $ 33,947     $ 32,469     $ 31,700     $ 33,410     $ 33,419  
Interest portion of rent expense
    867       875       995       974       973  
 
                             
 
  $ 34,814     $ 33,344     $ 32,695     $ 34,384     $ 34,392  
 
                             
 
                                       
Ratio of earning to fixed charges
    N/A (2)     N/A (2)     N/A (2)     1.73       1.54  
 
(1)   For purposes of the computation, the ratio of earnings to fixed charges has been calculated by dividing (a) income from continuing operations before income taxes plus fixed charges by (b) fixed charges. Fixed charges are equal to interest expense plus the portion of the rent expense estimated to represent interest.
 
(2)   Earnings were insufficient to cover fixed charges for the years ended September 30, 2009, 2008 and 2007 by $174.4 million, $17.2 million, and $22.7 million, respectively.