EX-12 8 dex12.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement re Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

 

Del Monte Foods Company and Subsidiaries

Statement Re: Computation of Earnings to Fixed Charges

 

     Fiscal Year

 
     2003

   2002

   2001

 
     (In millions, except ratio)  

Earnings:

                      

Consolidated pre-tax income (loss)

   $ 201.1    $ 261.9    $ (29.3 )

Interest expense

     45.3      —        —    

Interest portion of rent expense(a)

     15.7      4.1      1.7  
    

  

  


Earnings (loss)

   $ 262.1    $ 266.0    $ (27.6 )
    

  

  


Fixed Charges:

                      

Interest expense

   $ 45.3      —        —    

Interest portion of rent expense(a)

     15.7      4.1      1.7  
    

  

  


Fixed charges

   $ 61.0    $ 4.1    $ 1.7  
    

  

  


Fixed Charge Ratio:

                      

Ratio of earnings to fixed charges

     4.3x      64.9x      n/a  

Deficiency of earnings to cover fixed charges

   $ —      $ —      $ 29.3  

(a)   Interest portion of rent expense is assumed equal to 33% of operating lease and rental expense for the period.