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Previous: FERRO CORP, 10-Q, 2000-08-14 |
Next: FERRO CORP, 10-Q, EX-27, 2000-08-14 |
<PAGE> 1
EXHIBIT 12
FERRO CORPORATION AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
Six Months Ended
June 30,
(Dollars in Thousands) 2000 1999
------- -------
<S> <C> <C>
Earnings:
Pre-Tax Income 62,623 57,794
Add: Fixed Charges 11,839 9,243
Less: Interest Capitalization (196) (954)
------- -------
Total Earnings 74,266 66,083
======= =======
Fixed Charges:
Interest Expense 11,334 7,955
Interest Capitalization 196 954
Interest Portion of Rental Expense 309 334
------- -------
Total Fixed Charges 11,839 9,243
======= =======
Total Earnings 74,266 66,083
Divided By:
Total Fixed Charges 11,839 9,243
------- -------
Ratio 6.27 7.15
</TABLE>
Note: Preferred dividends are excluded. Amortization of debt expense and
discounts and premiums were deemed immaterial to the above calculation.
17
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