Huntsman International LLC Exhibit 12.1 Ratio of Earnings to Fixed Charges
Huntsman International Three Months Huntsman Specialty Ended Year Six Months Six Months Year March 31, Ended Ended Ended Ended ----------------- December 31, December 31, June 30, December 31, 2001 2000 2000 1999 1999 1998 ------ ------- ----- ----- ----- ----- Fixed Charges: (dollars in millions) Interest Expense (includes amortization of deferred financing costs)................. $ 60 54 $ 222 $ 104 $ 18 $ 40 Interest portion of rent expense............ 2 2 7 5 - - -------------------------------------------------------------------------------- Total Fixed Charges.......................... $ 62 56 $ 229 $ 109 $ 18 $ 40 ================================================================================ Earnings: Income (loss) from operations operation before taxes............................... $ 13 41 $ 184 $ 100 $ 35 $ 15 Fixed Charges: 62 56 229 109 18 40 Less: Minority interest in pre-tax income of subsidiaries............................... 1 1 3 1 - - -------------------------------------------------------------------------------- Total Earnings............................... $ 74 96 $ 410 $ 208 $ 53 $ 55 ================================================================================ Ratio of Earnings to Fixed Charges.......... 1.7x 1.2x 1.8x 1.9x 2.9x 1.4x Deficiency of Earnings to Fixed Charges.....
Huntsman Specialty Predecessor Ten Months Two Months Ended Ended December 31, February 28, 1997 1997 1996 ----- ----- ----- (dollars in millions) Fixed Charges: Interest Expense (includes amortization of deferred financing costs).................... $ 35 $ - $ - Interest portion of rent expense.............. - 11 --------------------------------------------------------------- Total Fixed Charges............................ $ 35 $ 0 $ 11 =============================================================== Earnings: Income (loss) from operations operation before taxes........................................ $ 5 $ (6) $ 19 Fixed Charges:................................. 35 0 11 Less: Minority interest in pre-tax income of subsidiaries.............................. - - - --------------------------------------------------------------- Total Earnings................................. $ 40 $ (6) $ 30 =============================================================== Ratio of Earnings to Fixed Charges............ 1.1x - 2.7x Deficiency of Earnings to Fixed Charges....... $ 6
1