EX-12 3 j0251301exv12.txt EXHIBIT 12 . . . EXHIBIT 12 H. J. HEINZ COMPANY AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
First Quarter Ended July 30, 2003 (Thousands of Dollars) ------------- Fixed Charges: Interest expense*......................................... $ 52,843 Capitalized interest...................................... -- Interest component of rental expense...................... 7,923 -------- Total fixed charges.................................... $ 60,766 -------- Earnings: Income from continuing operations before income taxes and cumulative effect of change in accounting principle.... $285,625 Add: Interest expense*.................................... 52,843 Add: Interest component of rental expense................. 7,923 Add: Amortization of capitalized interest................. 458 -------- Earnings as adjusted................................... $346,849 -------- Ratio of earnings to fixed charges........................ 5.71 ========
--------------- * Interest expense includes amortization of debt expense and any discount or premium relating to indebtedness.