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Previous: FERRO CORP, 10-Q, 2000-11-14 |
Next: FERRO CORP, 10-Q, EX-27, 2000-11-14 |
<PAGE> 1
EXHIBIT 12
FERRO CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
SEPTEMBER SEPTEMBER
(DOLLARS IN THOUSANDS) 2000 1999
--------- ---------
<S> <C> <C>
EARNINGS:
PRE-TAX INCOME 91,204 86,312
ADD: FIXED CHARGES 18,717 15,571
LESS: INTEREST CAPITALIZATION (340) (1,140)
------ -------
TOTAL EARNINGS 109,581 100,743
======= =======
FIXED CHARGES:
INTEREST EXPENSE 17,885 12,518
INTEREST CAPITALIZATION 340 1,140
INTEREST PORTION OF RENTAL EXPENSE 492 1,913
--- -------
TOTAL FIXED CHARGES 18,717 15,571
====== =======
TOTAL EARNINGS 109,581 100,743
DIVIDED BY:
TOTAL FIXED CHARGES 18,717 15,571
------ -------
RATIO 5.85 6.47
</TABLE>
NOTE: PREFERRED DIVIDENDS ARE EXCLUDED. AMORTIZATION OF DEBT EXPENSE AND
DISCOUNTS AND PREMIUMS WERE DEEMED IMMATERIAL TO THE ABOVE CALCULATION.
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