EX-12 4 j9855701exv12.txt RATIOS OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12 H. J. HEINZ COMPANY AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Nine Months Ended January 29, 2003 (Thousands of Dollars) ------------- Fixed Charges: Interest expense*......................................... $169,817 Capitalized interest...................................... -- Interest component of rental expense...................... 21,870 -------- Total fixed charges.................................... $191,687 -------- Earnings: Income from continuing operations before income taxes and effect of change in accounting principle............... $703,548 Add: Interest expense*.................................... 169,817 Add: Interest component of rental expense................. 21,870 Add: Amortization of capitalized interest................. 1,213 -------- Earnings as adjusted................................... $896,448 -------- Ratio of earnings to fixed charges........................ 4.68 ========
--------------- * Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.