EX-12 9 j5178_ex12.htm EX-12

Exhibit 12

 

 

INTERNATIONAL MULTIFOODS CORPORATION AND SUBSIDIARIES

 

Computation of Ratio of Earnings to Fixed Charges

(unaudited)

 

(in thousands)

 

 

 

 

 

THREE MONTHS ENDED

 

SIX MONTHS ENDED

 

 

 

Aug. 31, 2002

 

Sept. 1, 2001

 

Aug. 31, 2002

 

Sept. 1, 2001

 

Earnings from continuing operations before income taxes

 

$

7,020

 

$

2,838

 

$

12,353

 

$

4,013

 

Plus: Fixed charges(1)

 

11,315

 

6,696

 

22,800

 

13,332

 

Less: Capitalized interest

 

(125

)

(100

)

(190

)

(254

)

Earnings available to cover fixed charges

 

$

18,210

 

$

9,434

 

$

34,963

 

$

17,091

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.61

 

1.41

 

1.53

 

1.28

 

 

 

(1) Fixed charges consisted of the following:

 

 

THREE MONTHS ENDED

 

SIX MONTHS ENDED

 

 

 

Aug. 31, 2002

 

Sept. 1, 2001

 

Aug. 31, 2002

 

Sept. 1, 2001

 

Interest expense, gross

 

$

8,980

 

$

4,131

 

$

18,079

 

$

8,290

 

Rentals (Interest factor)

 

2,335

 

2,565

 

4,721

 

5,042

 

Total fixed charges

 

$

11,315

 

$

6,696

 

$

22,800

 

$

13,332