EX-12.1 2 ex12_1.htm COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES ex12_1.htm


EXHIBIT 12
  
PILGRIM’S PRIDE CORPORATION
  
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
  
   
   
Six Months Ended
  
   
March 29,
 2008
    
March 31,
 2007
  
Earnings (loss):
  
(In thousands, except ratios)
  
Loss from continuing operations before income taxes
   $ (201,769 )   $ (74,795 )
Add:  Total fixed charges
     69,557       59,285  
Less:  Interest capitalized
     3,220       2,500  
                 
Total earnings
   $ (135,432 )   $ (18,010 )
                 
Fixed charges:
                
Interest expense
   $ 67,008     $ 52,416  
Portion of rental expense representative of the interest factor
     2,549       6,869  
                 
Total fixed charges
   $ 69,557     $ 59,285  
                 
Ratio of earnings to fixed charges
  
(a)
    
(b)
  

(a)  Earnings were insufficient to cover fixed charges by $204,989.

(b)  Earnings were insufficient to cover fixed charges by $77,295.