EX-12.1 4 l95058aexv12w1.txt EX-12.1 COMPUTATION OF RATIO OF EARNINGS Exhibit 12.1 Schedule of computation of earnings to fixed charges of The Kroger Co. and consolidated subsidiary companies and unconsolidated companies as if consolidated for the periods shown:
Fiscal Years Ended ------------------------------------------------------------------------------ February 2, February 3, January 29, January 2, December 27, 2002 2001 2000 1999 1997 (52 Weeks) (53 Weeks) (52 weeks) (53 weeks) (52 weeks) ----------- ------------- ------------- --------------- ---------------- Earnings: Earnings before tax expense (credit), and extraordinary loss........ $ 1,711 $ 1,508 $ 1,102 $ 889 $ 954 Fixed charges................. 1,030 1,058 1,010 1,038 679 Capitalized interest.......... (9) (7) (5) (9) (10) ----------- ------------- ------------- --------------- ---------------- $ 2,732 $ 2,559 $ 2,107 $ 1,918 $ 1,623 =========== ============= ============= =============== ================ Fixed charges: Interest...................... $ 659 $ 683 $ 644 $ 654 $ 397 Portion of rental payments deemed to be interest............ 371 375 366 384 282 ----------- ------------- ------------- --------------- ---------------- $ 1,030 $ 1,058 $ 1,010 $ 1,038 $ 679 =========== ============= ============= =============== ================ Ratio of earnings to fixed charges................. 2.7 2.4 2.1 1.8 2.4