EX-12.1 3 ex12-1.htm EXHIBIT 12.1
Exhibit 12.1
Olympic Steel, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands))

|  | Three |
|  | Months Ended |
|  | March 31, 2013 |
Income before taxes |  | $ | 7,906 |
Add: |  |  |  |
Amortization of previously capitalized interest |  |  | 17 |
Interest (inlcuding capitalized interest) |  |  | 1,698 |
Interest portion of rental expense |  |  | 17 |
Total additions |  |  | 1,733 |
Deduct: |  |  |  |
Capitalized interest |  |  | - |
Total earnings |  |  | 9,639 |
Capitalized interest |  |  | - |
Interest and other expense on debt |  |  | 1,698 |
Interest portion of rental expense |  |  | 17 |
Fixed charges |  |  | 1,715 |
Ratio of earnings to fixed charges |  |  | 5.6 |