EX-12.1 5 dex121.htm COMPUTATION OF RATIOS Prepared by R.R. Donnelley Financial -- Computation of Ratios
 
CKE RESTAURANTS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
 
   
Fiscal Year Ended January 31,
(Dollars in thousands)
  
2002
       
2001
       
2000
       
1999
     
1998
Earnings before fixed charge:
                                                
Income (loss) before taxes and
extraordinary items
  
$
(84,540
)
     
$
(205,264
)
     
$
(47,460
)
     
$
124,097
     
$
76,640
Fixed Charges
  
 
85,097
 
     
 
103,719
 
     
 
92,389
 
     
 
68,843
     
 
35,325
   
$
557
 
     
$
(101,545
)
     
$
44,929
 
     
$
192,940
     
$
111,965
Fixed Charges:
                                                
Interest expense
  
$
57,659
 
     
$
70,541
 
     
$
63,283
 
     
$
43,453
     
$
16,914
Interest component of rent expensed (1)
  
 
27,438
 
     
 
33,178
 
     
 
29,106
 
     
 
25,390
     
 
18,411
   
$
85,097
 
     
$
103,719
 
     
$
92,389
 
     
$
68,843
     
$
35,325
Ratio of earnings to fixed charges (2)
  
 
—
 
     
 
—
 
     
 
0.5
 
     
 
2.8
     
 
3.2
 
(1)
 
Calculated as one-third of total rent expense.
 
(2)
 
Earnings were insufficient to cover fixed charges for the years ended January 31, 2002 and 2001 by $84,540 and $205,264, respectively.

CKE RESTAURANTS, INC.