EX-12.1.0 3 exhibit1210ratioofearnings.htm EXHIBIT 12.1.0 Exhibit12.1.0 Ratio of Earnings to Fixed Charges


EXHIBIT 12.1.0

GrafTech International Ltd.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands, except ratios)


 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
 
2010
 
2009
Earnings:
 
 
 
 
 
 
 
 
 
 
   Income before income taxes
 
(40,102
)
 
134,487

 
143,291

 
173,565

 
38,410

   Loss/(Gain) from equity investees
 
—

 
—

 
—

 
(14,500
)
 
55,488

   Fixed Charges
 
36,904

 
24,314

 
19,107

 
5,943

 
6,442

   Total of Earnings plus Fixed Charges
 
(3,198
)
 
158,801

 
162,398

 
165,008

 
100,340

Fixed Charges:
 
 
 
 
 
 
 
 
 
 
   Interest expense
 
36,037

 
23,247

 
18,307

 
5,076

 
5,609

   Estimated interest portion of rental expense
 
867

 
1,067

 
800

 
867

 
833

   Total fixed charges
 
36,904

 
24,314

 
19,107

 
5,943

 
6,442

Ratio of earnings to fixed charges
 
(0.1
)
 
6.5

 
8.5

 
27.8

 
15.6




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