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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade 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 |
| ||||||
|
| March 31, |
|
| March 31, |
| ||
|
| 2017 |
|
| 2016 |
| ||
|
| $ |
|
| $ |
| ||
Available earnings: |
|
|
|
|
|
|
|
|
Earnings before income taxes |
|
| 25 |
|
|
| 1 |
|
Add fixed charges: |
|
|
|
|
|
|
|
|
Interest expense incurred |
|
| 17 |
|
|
| 16 |
|
Amortization of debt expense and discount |
|
| — |
|
|
| 1 |
|
Interest portion of rental expense (1) |
|
| 2 |
|
|
| 2 |
|
Total earnings as defined |
|
| 44 |
|
|
| 20 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
Interest expense incurred |
|
| 17 |
|
|
| 16 |
|
Amortization of debt expense and discount |
|
| — |
|
|
| 1 |
|
Interest portion of rental expense (1) |
|
| 2 |
|
|
| 2 |
|
Total fixed charges |
|
| 19 |
|
|
| 19 |
|
Ratio of earnings to fixed charges |
|
| 2.3 |
|
|
| 1.1 |
|
(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). |