EX-12.1 3 c82795exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

EXHIBIT 12.1

Compass Minerals International, Inc.
Computation of Ratios of Earnings to Fixed Charges
(in millions)

                         
    Year Ended December 31,
    2003
   2002
   2001
Earnings:
                        
Income (loss) before income taxes
   $ 35.6     $ 30.3     $ 45.8  
Plus fixed charges
     59.0       45.1       16.7  
Less capitalized interest
     —       —       (1.0 )
 
    
 		      
 		      
 		  
 
   $ 94.6     $ 75.4     $ 61.5  
 
    
 		      
 		      
 		  
Fixed Charges:
                        
Interest charges
   $ 56.3     $ 42.4     $ 14.4  
Plus interest factor in operating rent expense
     2.7       2.7       2.3  
 
    
 		      
 		      
 		  
 
   $ 59.0     $ 45.1     $ 16.7  
 
    
 		      
 		      
 		  
Ratio of earnings to fixed charges (excess of fixed charges over earnings)
     1.60 x     1.67 x     3.69 x