EX-12 4 a03-3921_1ex12.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. 30,
2003

 

Aug. 31,
2002

 

Aug. 30,
2003

 

Aug. 31,
2002

 

Earnings from continuing operations before income taxes

 

$

750

 

$

7,020

 

$

252

 

$

12,353

 

Plus:  Fixed charges (1)

 

6,610

 

11,315

 

13,405

 

22,800

 

Less:  Capitalized interest

 

(45

)

(125

)

(136

)

(190

)

Earnings available to cover fixed charges

 

$

7,315

 

$

18,210

 

$

13,521

 

$

34,963

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

1.11

 

1.61

 

1.01

 

1.53

 

 

(1) Fixed charges consisted of the following:

 

 

 

THREE MONTHS ENDED

 

SIX MONTHS ENDED

 

 

 

Aug. 30,
2003

 

Aug. 31,
2002

 

Aug. 30,
2003

 

Aug. 31,
2002

 

Interest expense, gross

 

$

6,178

 

$

8,980

 

$

12,553

 

$

18,079

 

Rentals (Interest factor)

 

432

 

2,335

 

852

 

4,721

 

Total fixed charges

 

$

6,610

 

$

11,315

 

$

13,405

 

$

22,800