EX-12.1 3 ex12-1.htm EXHIBIT 12.1

ex12-1.htm

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