EX-12 4 a2201435zex-12.htm EX-12

EXHIBIT 12

 

THE TORO COMPANY AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(Not Covered by Independent Auditors’ Report)

 

 

 

10/31/2010

 

10/31/2009

 

10/31/2008

 

10/31/2007

 

10/31/2006

 

Earnings before income taxes

 

$

141,268,000

 

$

95,788,000

 

$

181,289,000

 

$

213,227,000

 

$

192,754,000

 

Plus: Fixed charges

 

23,579,921

 

24,280,076

 

26,141,532

 

26,003,000

 

24,154,000

 

Earnings available to cover fixed charges

 

$

164,847,921

 

$

120,068,076

 

$

207,430,532

 

$

239,230,000

 

$

216,908,000

 

Ratio of earnings to fixed charges

 

6.99

 

4.95

 

7.93

 

9.20

 

8.98

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

17,113,000

 

$

17,578,000

 

$

19,333,000

 

$

19,445,000

 

$

17,672,000

 

Rentals (interest expense)

 

6,466,921

 

6,702,076

 

6,808,532

 

6,558,000

 

6,482,000

 

Total fixed charges

 

$

23,579,921

 

$

24,280,076

 

$

26,141,532

 

$

26,003,000

 

$

24,154,000