Coltec Industries Inc – ‘10-K’ for 12/31/93 – EX-12.1

As of:  Tuesday, 3/22/94   ·   For:  12/31/93   ·   Accession #:  912057-94-1007   ·   File #:  1-07568

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                         45    246K 
 5: EX-4.10     Instrument Defining the Rights of Security Holders    14     32K 
 6: EX-4.11     Instrument Defining the Rights of Security Holders    11     23K 
 7: EX-4.12     Instrument Defining the Rights of Security Holders    12     30K 
 8: EX-4.13     Instrument Defining the Rights of Security Holders    11     28K 
 9: EX-4.14     Instrument Defining the Rights of Security Holders   281    900K 
 2: EX-4.7      Instrument Defining the Rights of Security Holders     9     21K 
 3: EX-4.8      Instrument Defining the Rights of Security Holders    17     39K 
 4: EX-4.9      Instrument Defining the Rights of Security Holders    16     36K 
11: EX-10.13    Material Contract                                      1      8K 
12: EX-10.15    Material Contract                                      1      7K 
13: EX-10.16    Material Contract                                     35     62K 
14: EX-10.17    Material Contract                                      7     23K 
15: EX-10.18    Material Contract                                     18     45K 
10: EX-10.3     Material Contract                                      1      8K 
16: EX-12.1     Statement re: Computation of Ratios                    1     10K 
17: EX-13.1     Annual or Quarterly Report to Security Holders        37    212K 
18: EX-21.1     Subsidiaries of the Registrant                         1     10K 
19: EX-23.1     Consent of Experts or Counsel                          1      8K 

EX-12.1   —   Statement re: Computation of Ratios

EX-12.1
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                                                                  EXHIBIT 12.1

    COLTEC INDUSTRIES INC AND SUBSIDIARIES
     COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
    (In thousands)

                                                        [Enlarge/Download Table]


                                             YEAR ENDED DECEMBER 31,                                       
                                      ---------------------------------------------------------------------
                                         1993          1992            1991           1990           1989  
                                      ---------------------------------------------------------------------
                                                                                                           
Earnings from continuing                                                                                   
  operations before                                                                                        
  extraordinary item                  $65,226        $64,683         $2,209        $40,934        $50,030  
Add (deduct):                                                                                              
  Income taxes:                                                                                            
    Federal and foreign                36,293         42,577         28,300         33,770         16,777  
    State and local                     1,877          1,886          1,538            913         (2,303) 
  Portion of rents representative                                                                          
   of interest factor (1)               4,078          4,283          4,268          4,246          3,998  
  Interest expense                    111,497        137,797        201,954        206,027        214,983  
                                      ---------------------------------------------------------------------

Earnings from continuing                                                                                   
  operations before                                                                                        
  extraordinary item,                                                                                      
  as adjusted                        $218,971       $251,226       $238,269       $285,890       $283,485  
                                      ---------------------------------------------------------------------

Fixed charges:                                                                                             
  Interest expense                   $111,497       $137,797       $201,954       $206,027       $214,983  
  Capitalized interest                  1,140          1,196            955          1,015            577  
  Portion of rents representative                                                                          
   of interest factor (1)               4,078          4,283          4,268          4,246          3,998  
                                      ---------------------------------------------------------------------

Fixed charges                        $116,715       $143,276       $207,177       $211,288       $219,558  
                                      ---------------------------------------------------------------------

Ratio of earnings to                                                                                       
  fixed charges                           1.9            1.8            1.2            1.4            1.3  
                                      ---------------------------------------------------------------------

<FN>                                                                                                       

Note:                                                                                                      
   (1)  Estimated to be 1/3 of total rent expense.