EX-12 2 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12

ALERIS INTERNATIONAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions)

 

    

For the three months

ended September 30

  

For the nine months

ended September 30

     2006     2005    2006    2005

Earnings:

          

(Loss) earnings before provisions for income taxes and minority interests

   $ (38.7 )   $ 29.2    $ 95.0    $ 83.6

Add: Equity in net loss of affiliates

     —         0.1      —        0.3
                            

Sub-total:

     (38.7 )     29.3      95.0      83.9

Add: Total fixed charges (per below)

     28.4       11.0      58.5      33.3

Less: Interest capitalization

     0.4       0.4      1.0      1.0
                            

Total earnings

     (10.7 )     39.9      152.5      116.2

Fixed Charges:

          

Interest expense, including interest capitalized

     27.0       10.2      55.3      31.1

Portion of rental expense representative of the interest factor

     1.4       0.8      3.2      2.2
                            

Total fixed charges

     28.4       11.0      58.5      33.3
                            

Ratio of Earnings to Fixed Charges

     (a )     3.6      2.6      3.5
                            

(a) For the three months ended September 30, 2006, earnings were insufficient to cover fixed charges by $39.1.