EX-12 3 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

PILGRIM’S PRIDE CORPORATION

COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES

 

     Six Months Ended  
     June  27,
2010
    June  27,
2009
 
    
     (In thousands, except ratios)  

Earnings (loss):

    

Loss from continuing operations before income taxes

   $ (45,583   $ (2,293

Add: Total fixed charges

     62,321        94,756   

Less: Interest capitalized

     (195     990   
                

Total earnings

   $ 16,933      $ 91,473   
                

Fixed charges:

    

Interest charges

   $ 54,341      $ 86,277   

Portion of noncancelable lease expense representative of the interest factor

     7,980        8,479   
                

Total fixed charges

   $ 62,321      $ 94,756   
                

Ratio of earnings to fixed charges

     (a     (b

 

(a) Earnings were insufficient to cover fixed charges by $45,388.
(b) Earnings were insufficient to cover fixed charges by $3,283.