EX-12.1 2 ufs-ex121_11.htm EX-12.1 ufs-ex121_11.htm

Exhibit 12.1

Domtar Corporation

Computation of ratio of earnings to fixed charges

(In millions of dollars, unless otherwise noted)

 

 

 

Three months ended

 

 

 

 

March 31,

 

 

March 31,

 

 

 

 

2018

 

 

2017

 

 

 

 

$

 

 

$

 

 

Available earnings:

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

 

65

 

 

 

25

 

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

Interest expense incurred

 

 

16

 

 

 

17

 

 

Amortization of debt expense and discount

 

 

 

 

 

 

 

Interest portion of rental expense (1)

 

 

2

 

 

 

2

 

 

Total earnings as defined

 

 

83

 

 

 

44

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

Interest expense incurred

 

 

16

 

 

 

17

 

 

Amortization of debt expense and discount

 

 

 

 

 

 

 

Interest portion of rental expense (1)

 

 

2

 

 

 

2

 

 

Total fixed charges

 

 

18

 

 

 

19

 

 

Ratio of earnings to fixed charges

 

 

4.6

 

 

 

2.3

 

 

 

(1)

Interest portion of rental expense is calculated based on the proportion deemed representation of the interest component (i.e 1/3 of rental expense).