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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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Exhibit 12.1
Domtar Corporation
Computation of ratio of earnings to fixed charges
(In millions of dollars, unless otherwise noted)
| Three months ended |
|
| Nine months ended |
| |||||||||||
|
| September 30, |
|
| September 30, |
|
| September 30, |
|
| September 30, |
| ||||
|
| 2016 |
|
| 2015 |
|
| 2016 |
|
| 2015 |
| ||||
|
| $ |
|
| $ |
|
| $ |
|
| $ |
| ||||
Available earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) before income taxes |
|
| 75 |
|
|
| (3 | ) |
|
| 100 |
|
|
| 79 |
|
Add fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense incurred |
|
| 16 |
|
|
| 21 |
|
|
| 47 |
|
|
| 70 |
|
Amortization of debt expense and discount |
|
| 1 |
|
|
| 4 |
|
|
| 2 |
|
|
| 6 |
|
Interest portion of rental expense (1) |
|
| 1 |
|
|
| 2 |
|
|
| 5 |
|
|
| 6 |
|
Total earnings as defined |
|
| 93 |
|
|
| 24 |
|
|
| 154 |
|
|
| 161 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense incurred |
|
| 16 |
|
|
| 21 |
|
|
| 47 |
|
|
| 70 |
|
Amortization of debt expense and discount |
|
| 1 |
|
|
| 4 |
|
|
| 2 |
|
|
| 6 |
|
Interest portion of rental expense (1) |
|
| 1 |
|
|
| 2 |
|
|
| 5 |
|
|
| 6 |
|
Total fixed charges |
|
| 18 |
|
|
| 27 |
|
|
| 54 |
|
|
| 82 |
|
Ratio of earnings to fixed charges |
|
| 5.2 |
|
|
| 0.9 |
|
|
| 2.9 |
|
|
| 2.0 |
|
(1) | Interest portion of rental expense is calculated based on the proportion deemed representation of the interest component (i.e 1/3 of rental expense). |