EX-12.1 4 f65092ex12-1.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1 Exhibit 12.1 DEL MONTE FOODS COMPANY AND SUBSIDIARIES STATEMENT RE: COMPUTATION OF EARNINGS TO FIXED CHARGES (In millions)
Year Ended Year Ended Year Ended Year Ended Year Ended June 30, 2000 June 30, 1999 June 30, 1998 June 30, 1997 June 30, 1996 ------------- ------------- ------------- ------------- ------------- Consolidated pre-tax income (loss) $ 79.4 $ 33.2 $ 6.0 $(15.9) $135.6 Interest expense 67.1 77.6 77.5 52.0 67.2 Interest portion of rent expense(a) 11.1 9.8 9.4 8.5 7.7 ------ ------ ------ ------ ------ Earnings $157.6 $120.6 $ 92.9 $ 44.6 $210.5 ====== ====== ====== ====== ====== Interest expense $ 67.1 $ 77.6 $ 77.5 $ 52.0 $ 67.2 Interest portion of rent expense(a) 11.1 9.8 9.4 8.5 7.7 ------ ------ ------ ------ ------ Fixed charges $ 78.2 $ 87.4 $ 86.9 $ 60.5 $ 74.9 ====== ====== ====== ====== ====== Ratio of earnings to fixed charges 2.0x 1.4x 1.1x N/A 2.8x Deficiency of earnings available to cover fixed charges -- -- -- $(15.9) --
(a) Interest portion of rent expense is assumed equal to 33% of operating lease and rental expense for the period