Exhibit 12.1
Whole Foods Market, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratio data)
Sept 26, 2004 |
Sept 28, 2003 |
Sept 29, 2002 |
Sept 30, 2001 |
Sept 24, 2000 |
|||||||||||
Earnings: |
|||||||||||||||
Income from continuing operations before income taxes and equity in losses of unconsolidated affiliate |
215,853 | 164,858 | 132,657 | 88,196 | 71,535 | ||||||||||
Rent expense |
91,192 x 1/3 |
|
79,802 x 1/3 |
|
67,827 x 1/3 |
|
57,677 x 1/3 |
|
47,301 x 1/3 |
| |||||
One-third of rent expense |
30,397 | 26,601 | 22,609 | 19,226 | 15,767 | ||||||||||
Interest expense |
7,249 | 8,114 | 10,384 | 17,891 | 15,093 | ||||||||||
Fixed charges to add to earnings |
37,646 | 34,715 | 32,993 | 37,117 | 30,860 | ||||||||||
Total available earnings |
253,499 | 199,573 | 165,650 | 125,313 | 102,395 | ||||||||||
Fixed Charges: |
|||||||||||||||
Interest expense |
7,249 | 8,114 | 10,384 | 17,891 | 15,093 | ||||||||||
Capitalized interest |
2,132 | 1,385 | 1,433 | 2,112 | 2,274 | ||||||||||
Total interest |
9,381 | 9,499 | 11,817 | 20,003 | 17,367 | ||||||||||
One-third of rent expense |
30,397 | 26,601 | 22,609 | 19,226 | 15,767 | ||||||||||
Total fixed charges |
39,778 | 36,100 | 34,426 | 39,229 | 33,134 | ||||||||||
Ratio of earnings to fixed charges |
6.37 | x | 5.53 | x | 4.81 | x | 3.19 | x | 3.09 | x | |||||