EX-12.1 7 ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.1 DOLLAR GENERAL CORPORATION RATIO OF EARNINGS TO FIXED CHARGES
Three Months Fiscal Year Ended January, Ended April, ----------------------------------------------------------------------------------------- 1996 1997 1998 1999 2000 1999 2000 ----------------------------------------------------------------------------------------- (Amounts in thousands, except ratio data) Income before income taxes $141,546 $185,017 $231,779 $280,915 $344,145 $289,479 $356,679 Add: fixed charges 30,332 33,739 32,019 46,722 55,147 49,517 58,868 ----------------------------------------------------------------------------------------- Adjusted Earnings $171,878 $218,756 $263,798 $327,637 $399,292 $338,996 $415,547 ========================================================================================= Fixed Charges: Interest Expense $ 7,361 $ 4,659 $ 3,764 $ 8,349 $ 5,157 $ 8,289 $ 5,556 Amortization of debt expenses 53 82 43 75 207 73 255 Portion of rental expense deemed to be the equivalent of interest 22,918 28,998 28,212 38,297 49,783 41,155 53,057 ----------------------------------------------------------------------------------------- Total Fixed Charges $ 30,332 $ 33,739 $ 32,019 $ 46,722 $ 55,147 $ 49,517 $ 58,868 ========================================================================================= Ratio of Earnings to Fixed Charges 5.7x 6.5x 8.2x 7.0x 7.2x 6.8x 7.1x