EX-12.1 4 a201110kexhibit121-ratioof.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES 2011 10K Exhibit 12.1-Ratio of Earnings to Combined Fixed Charges


EXHIBIT 12.1
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(dollars in millions)

 
2011
 
2010
 
2009
 
2008
 
2007
Combined fixed charges:
 
 
 
 
 
 
 
 
 
Capitalized interest credit
$
6.7

 
$
10.1

 
$
7.8

 
$
4.4

 
$
3.6

Interest factor in rent expense
3.0

 
3.2

 
2.8

 
3.3

 
3.7

Other interest and fixed charges
47.9

 
33.6

 
37.4

 
48.9

 
69.3

Preference dividends
—

 
—

 
—

 
—

 
—

Total combined fixed charges
$
57.6

 
$
46.9

 
$
48.0

 
$
56.6

 
$
76.6

 
 
 
 
 
 
 
 
 
 
Earnings—pre-tax income (loss) with applicable adjustments
$
(186.0
)
 
$
(125.4
)
 
$
(47.9
)
 
$
55.3

 
$
674.5

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges
NM*

 
NM*

 
NM*

 
NM*

 
8.8


* In 2011, 2010, 2009 and 2008, earnings were less than combined fixed charges by $243.6, $172.3, $95.9 and $1.3, respectively.