EX-12.1 8 y89305exv12w1.htm EX-12.1

exv12w1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Ternium S.A.

		Nine month
		period ended
		September 30,				For the year ended December 31,
In thousands of U.S. dollars, except ratio		2010				2009				2008				2007				2006				2005
Income before equity in earnings of associated companies and income tax			1,031,483				429,305				878,922				706,782				898,480				591,885
Fixed Charges			58,798				111,407				148,889				152,241				128,123				85,658
Amortization of capitalized interest			—				—				—				—				—				—
Distributed income of equity investees			—				—				—				—				—				—
Share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges			—				—				—				—				—				—
Preference security dividend requirements of consolidated subsidiaries			—				—				—				—				—				—
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges			—				—				—				—				—				—
			1,090,281				540,712				1,027,811				859,023				1,026,603				677,543
Fixed Charges
Interest expenses			55,249				105,810				136,971				142,137				112,918				81,608
Amortized premiums, discounts and capitalized expenses related to indebtedness			3,407				5,149				11,314				9,061				13,764				3,171
Preference security dividend requirement of consolidated subsidiaries			—				—				—				—				—				—
Estimate of the interest within rental expenses			142				448				604				1,043				1,441				879
			58,798				111,407				148,889				152,241				128,123				85,658
RATIO OF EARNINGS TO FIXED CHARGES			18.54				4.85				6.90				5.64				8.01				7.91