EX-12 4 d260150dex12.htm EXHIBIT 12

Exhibit 12

Exhibit 12

NewMarket Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(Dollars in thousands, except ratios)

		Years Ended December 31
		2011				2010				2009				2008				2007
Earnings:
Pretax income from continuing operations before discontinued operations		$	303,717			$	259,996			$	239,376			$	105,326			$	100,424
Interest expense (net)			18,820				17,261				11,716				12,046				11,557
Portion of rent expense representative of interest factor			7,911				7,170				6,379				6,713				6,097
Amortization of capitalized interest			283				256				235				233				251
Adjusted pretax income from continuing operations		$	330,731			$	284,683			$	257,706			$	124,318			$	118,329
Fixed Charges:
Interest expense (before deducting capitalized interest)		$	19,314			$	17,597			$	12,497			$	12,931			$	12,124
Portion of rent expense representative of interest factor			7,911				7,170				6,379				6,713				6,097
Total fixed charges		$	27,225			$	24,767			$	18,876			$	19,644			$	18,221
Ratio of earnings to fixed charges			12.1				11.5				13.7				6.3				6.5