EX-12.1 2 a2228970zex-12_1.htm EX-12.1

Exhibit 12.1

 

Dollar Tree, Inc.

 

Computation of Ratio of Earnings to Fixed Charges

 

(in millions of dollars)

 

 

 

13 Weeks Ended

 

Fiscal Year Ended(1)

 

 

 

April 30,
2016

 

May 2,
2015

 

January 30,
2016

 

January 31,
2015

 

February 1,
2014

 

February 2,
2013

 

January 28,
2012

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings before income taxes

 

$

331.6

 

$

113.2

 

$

448.2

 

$

954.2

 

$

954.3

 

$

978.9

 

$

779.5

 

Add: Fixed charges

 

191.9

 

170.0

 

918.2

 

258.7

 

181.2

 

154.8

 

143.2

 

Less: Capitalized interest

 

1.0

 

 

1.3

 

 

 

 

 

Adjusted earnings

 

524.5

 

283.2

 

1,367.7

 

1,212.9

 

1,135.5

 

1,133.7

 

922.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense(2)

 

$

88.0

 

$

123.5

 

$

602.0

 

$

80.8

 

$

16.6

 

$

3.7

 

$

3.3

 

Portion of rent estimated to represent interest(3)

 

103.9

 

46.5

 

316.2

 

177.9

 

164.6

 

151.1

 

139.9

 

Total fixed charges

 

191.9

 

170.0

 

918.2

 

258.7

 

181.2

 

154.8

 

143.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

2.7

 

1.7

 

1.5

 

4.7

 

6.3

 

7.3

 

6.4

 

 


(1)

Our fiscal year consists of 52 or 53 weeks ending on the Saturday nearest January 31st. All fiscal years presented are 52 weeks, with the exception of the year ended February 2, 2013 which consisted of 53 weeks.

(2)

Including amortization of debt premium, discount and issuance costs.

(3)

Management estimates approximately one-third of rent expense is representative of interest expense.