EX-12.1.0 5 a1210ratioofearningstofixe.htm EXHIBIT 12.1.0 12.1.0 Ratio of Earnings to Fixed Charges 2014


EXHIBIT 12.1.0

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


 
 
 
 
Year Ended December 31,
 
 
2014 (a)
 
2013 (b)
 
2012
 
2011
 
2010
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
   Income before income taxes
 
(295,542
)
 
(40,102
)
 
134,487

 
143,291

 
173,565

 
   Loss/(Gain) from equity investees
 
—

 
—

 
—

 
—

 
(14,500
)
 
   Fixed Charges
 
38,080

 
36,904

 
24,314

 
19,107

 
5,943

 
   Total of Earnings plus Fixed Charges
 
(257,462
)
 
(3,198
)
 
158,801

 
162,398

 
165,008

 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
   Interest expense
 
37,057

 
36,037

 
23,247

 
18,307

 
5,076

 
   Estimated interest portion of rental expense
 
1,023

 
867

 
1,067

 
800

 
867

 
   Total fixed charges
 
38,080

 
36,904

 
24,314

 
19,107

 
5,943

 
Ratio of earnings to fixed charges
 
(6.8
)
 
(0.1
)
 
6.5

 
8.5

 
27.8