EX-12.1 5 tv504946_ex12-1.htm EXHIBIT 12.1

 

 

Exhibit 12.1

 

Aceto Corporation

 

Ratio of Earnings to Fixed Charges

 

(in thousands)

 

 

    Fiscal Year Ended  
       
Description   June 30,
2018		     June 30,
2017		     June 30,
2016		     June 30,
2015		     June 30,
2014		  
EARNINGS:                                        
(Loss) income before income taxes   $ (292,822)     $ 17,361     $ 53,854     $ 49,858     $ 44,674  
Less:                                        
Earnings on equity investees     (2,173)       (2,336)       (2,060)       (1,761)       (2,024)  
                                         
Plus:                                        
Fixed charges     28,335       22,315       10,617       4,389       2,349  
Distributed income of equity investees     2,492       1,908       1,843       2,022       1,810  
EARNINGS     (264,168)       39,248       64,254       54,508       46,809  
                                         
FIXED CHARGES:                                        
Interest expense, including amortization of debt issue costs, debt discount and deferred financing costs     28,152       22,187       10,493       4,235       2,194  
Portion of rental expenses deemed to represent interest     183       128       124       154       155  
TOTAL FIXED CHARGES     28,335       22,315       10,617       4,389       2,349  
                                         
RATIO OF EARNINGS TO FIXED CHARGES     N/A*     1.76 X     6.05 X     12.42 X     19.93 X

 

*Due to losses incurred for the year ended June 30, 2018, our earnings were insufficient to cover fixed charges for such period and we are unable to disclose a ratio of earnings to fixed charges for such period. The dollar amount of the deficiency in earnings available for fixed charges for the year ended June 30, 2018 was approximately $264 million.