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Previous: HUNTSMAN PACKAGING CORP, S-4/A, EX-5.2, 2000-08-29 |
Next: HUNTSMAN PACKAGING CORP, S-4/A, EX-23.3, 2000-08-29 |
<PAGE> 1
Exhibit 12.1
<TABLE>
<CAPTION>
Earnings to Fixed Charges 6 months 6 months
1995 1996 1997 1998 1999 6/30/99 6/30/00
<S> <C> <C> <C> <C> <C> <C> <C>
Income before Taxes 1.8 (10.2) (3.2) 11.1 32.4 17.3 (6.5)
Interest Expense(a) 8.8 11.6 17.0 37.5 44.0 21.1 25.9
1/3 Rental Expense(b) 0.7 0.8 1.0 1.9 2.2 1.1 1.1
Fixed Charges(a+b) 9.5 12.4 18.0 39.4 46.2 22.2 27.0
Earnings 11.3 2.2 14.8 50.5 78.6 39.5 20.5
Ratio 1.2 0.2 0.8 1.3 1.7 1.8 0.8
</TABLE>
<TABLE>
<CAPTION>
LTM
Proforma 1999 6/30/00
<S> <C> <C> <C>
Income before Taxes 7.7 5.8 (13.6)
Interest Expense(a) 72.4 77.6 78.9
1/3 Rental Expense(b) 2.2 2.2 1.1
Fixed Charges(a+b) 74.6 79.8 80.0
Earnings 82.3 85.6 66.4
Ratio 1.1 1.07 0.83
Ebitda 127.0 110.7
Int Exp 77.6 78.9
Non cash Int 2.1 2.3
Cash Interest 75.5 76.6
Adj EBITDA to Cash Int 1.66 1.445
Net Debt 694.1 687.8
Debt to adj EBITDA 5.5 6.2
</TABLE>
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