EX-12.1 4 dex121.htm COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES Computation of Ratio Earnings to Fixed Charges
 
Exhibit 12.1
 
Whole Foods Market, Inc.
Computation of Ratio of Earnings to Fixed Charges
 
    
Sep 29 2002

  
Sep 30 2001

  
Sep 24 2000

  
Sep 26 1999

  
Sep 27 1998

Earnings:
                        
Income (loss) from continuing operations before income taxes and accounting change
  
140,818
  
95,455
  
77,585
  
65,616
  
63,148
Rent Expense
  
66,759
  
57,326
  
47,149
  
38,417
  
34,786
    
x1/3
  
x1/3
  
x1/3
  
x1/3
  
x1/3
    
  
  
  
  
One-third of rent expense
  
22,253
  
19,109
  
15,716
  
12,806
  
11,595
Interest expense
  
10,384
  
17,891
  
15,093
  
8,248
  
7,677
    
  
  
  
  
Fixed charges to add to earnings
  
32,637
  
37,000
  
30,809
  
21,054
  
19,272
Total available earnings
  
173,455
  
132,455
  
108,394
  
86,670
  
82,420
    
  
  
  
  
Fixed charges:
                        
Interest expense
  
10,384
  
17,891
  
15,093
  
8,248
  
7,677
Capitalized interest
  
1,433
  
2,112
  
2,274
  
1,759
  
735
    
  
  
  
  
Total interest
  
11,817
  
20,003
  
17,367
  
10,007
  
8,412
    
  
  
  
  
One-third of rent expense
  
22,253
  
19,109
  
15,716
  
12,806
  
11,595
Total fixed charges
  
34,070
  
39,112
  
33,083
  
22,813
  
20,007
    
  
  
  
  
Ratio of earnings to fixed charges
  
5.09x
  
3.39x
  
3.28x
  
3.80x
  
4.12x