EX-12 4 ex12.htm COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES ex12.htm

EXHIBIT 12
  
PILGRIM’S PRIDE CORPORATION
  
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
  
   
   
Three Months Ended
  
   
December 27,
2008
    
December 29,
2007
  
Earnings (loss):
  
(In thousands, except ratios)
  
Loss from continuing operations before income taxes
   $ (229,078 )   $ (25,899 )
Add:  Total fixed charges
     44,192       32,039  
Less:  Interest capitalized
     691       1,589  
                 
Total earnings (loss)
   $ (185,577 )   $ 4,551  
                 
Fixed charges:
                
Interest charges
   $ 40,259     $ 31,529  
Portion of noncancelable lease expense representative
of the interest factor
     3,933       510  
                 
Total fixed charges
   $ 44,192     $ 32,039  
                 
Ratio of earnings to fixed charges
  
(a)
    
(b)
  

(a)  Earnings were insufficient to cover fixed charges by $229,769.

(b)  Earnings were insufficient to cover fixed charges by $27,488.