EX-12.2 4 0004.txt COMPUTATION OF RATIO OF EBITDA EXHIBIT 12.2 CALIFORNIA STEEL INDUSTRIES, INC. AND SUBSIDIARY Computation of Ratio of EBITDA, as Adjusted, to Interest Expense
Year Ended December 31, ----------------------------------------------------------- 2000 1999 1998 1997 1996 ------ ------ ------ ------ ------ Income before Income Taxes................................ 56,138 77,027 26,816 44,316 67,725 Add: Interest Expense, Net............................... 18,756 16,345 16,954 13,977 10,145 Exclude Gain/Loss on Fixed Assets......................... (28) (13) 308 1,054 2,518 Depreciation (Cash Flow).................................. 28,852 26,331 26,659 24,374 18,844 ------ ------ ------ ------ ------ EBITDA, As Adjusted....................................... 103,718 119,690 70,737 83,721 99,232 ------ ------ ------ ------ ------ Interest Expense, Net..................................... 18,756 16,345 16,954 13,977 10,145 Ratio EBITDA, As Adjusted to Interest Expense, Net........ 5.5 7.3 4.2 6.0 9.8
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