Renco Metals Inc, et al. – IPO: ‘S-1’ on 5/24/96 – EX-12.1

As of:  Friday, 5/24/96   ·   Accession #:  950123-96-2693   ·   File #s:  333-04513, -01, -02

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Initial Public Offering (IPO):  Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Registration Statement (General Form)                 82    424K 
 2: EX-10.4     Amendment No. 1 to Management Consultant Agreement     1      6K 
 3: EX-12.1     Computation of Ratios of Earnings to Fixed Charges     1      6K 
 4: EX-23.2     Consent of Independent Auditors                        1      5K 

EX-12.1   —   Computation of Ratios of Earnings to Fixed Charges

EX-12.1
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                                                                    EXHIBIT 12.1
RENCO METALS, INC. AND SUBSIDIARIES 
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)

                                                        [Enlarge/Download Table]

                                                                                  SIX MONTHS ENDED 
                                         YEARS ENDED OCTOBER 31,                     APRIL 30,     
                          -----------------------------------------------------  ------------------
                            1991        1992       1993       1994       1995     1995       1996  
                          --------    --------    -------    -------    -------  -------    -------
                                                                                                   
Fixed Charges:                                                                                     
  Interest expense(1).... $  9,736    $  7,614    $ 7,414    $10,208    $10,138  $ 5,056    $ 5,034
  Interest factor of                                                                               
     rental expense......      899         894      1,028      1,042        956      463        390
                           -------     -------     ------     ------     ------   ------     ------
       Fixed charges..... $ 10,635    $  8,508    $ 8,442    $11,250    $11,094  $ 5,519    $ 5,424
Earnings:                                                                                          
  Income (loss) before                                                                             
     income                                                                                        
     taxes............... $(14,272)   $(11,039)   $ 6,619    $(5,392)   $31,120  $12,159    $26,332
  Fixed charges..........   10,635       8,508      8,442     11,250     11,094    5,519      5,424
                           -------     -------     ------     ------     ------   ------     ------
       Earnings.......... $ (3,637)   $ (2,531)   $15,061    $ 5,858    $42,214  $17,678    $31,756
Ratio....................       --          --       1.78         --       3.81     3.20       5.85

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(1) Includes amortization of deferred financing costs.