EX-12.3 2 exhibit123-31x15.htm EXHIBIT 12.3 Exhibit 12 3-31-15


Exhibit 12


SILGAN HOLDINGS INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)


The following table sets forth Silgan Holdings Inc.’s computation of its ratio of earnings to fixed charges for the three months ended March 31:

 
 
 
 
 
 
 
2015
 
2014
 
 
(Dollars in thousands)
Earnings before fixed charges:
 
 
 
 
Income before income taxes
 
$
50,618

 
$
47,850

Interest and other debt expense (1)
 
16,443

 
20,160

Interest portion of rental expense
 
142

 
146

Earnings before fixed charges
 
$
67,203

 
$
68,156

 
 
 
 
 
Fixed charges:
 
 

 
 

Interest and other debt expense (1)
 
$
16,443

 
$
20,160

Interest portion of rental expense
 
142

 
146

Capitalized interest
 
172

 
61

Total fixed charges
 
$
16,757

 
$
20,367

 
 
 
 
 
Ratio of earnings to fixed charges
 
4.01

 
3.35

______________

(1) Includes a loss on early extinguishment of debt of $1.5 million for the three months ended March 31, 2014.