EX-12.1 4 dex121.htm COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Computation of Ratios of Earnings to Fixed Charges

Exhibit 12.1

 

AMERICAN VANGUARD CORPORATION

Computation of Ratios of Earnings to Fixed Charges

(Dollars in thousands)

 

     Nine Months
Ended
Sept. 30,
2004
     Year Ended Dec. 31,
  
       2003
     2002
     2001
     2000
     1999
  

Earnings available to cover fixed charges:

                                     

Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investments

    14,091     16,182     11,278     9,023     7,185     5,223  

Plus:

                                     

Fixed charges

    961     370     610     1,344     1,643     1,656  
    
 
 
 
 
 

EARNINGS AVAILABLE TO COVER FIXED CHARGES

    15,052     16,552     11,888     10,367     8,828     6,879  
    
 
 
 
 
 

Fixed charges:

                                     

Interest expensed (net of interest income)

    1,008     683     948     1,344     1,643     1,656  

Capitalized interest

    (50 )   (323 )   (347 )   0     0        

Plus:

                                     

Amortized premiums, discounts and capitalized expenses related to indebtedness

    3     10     9     0     0     0  

Estimate of the interest within rental expenses

    —   (a)   —   (a)   —   (a)   —   (a)   —   (a)   —   (a)

Preference security dividend requirements of consolidated subsidiaries

    0     0     0     0     0     0  
    
 
 
 
 
 

TOTAL FIXED CHARGES

    961     370     610     1,344     1,643     1,656  
    
 
 
 
 
 

RATIO OF EARNINGS TO FIXED CHARGES

    15.66     44.74     19.49     7.71     5.37     4.15  
    
 
 
 
 
 
(a) Interest within rental expenses is deemed to be immaterial for purposes of calculating the ratio of earnings to fixed charges.