Pinnacle Foods Finance LLC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIOS - March 23, 2010

Attached files

file filename
10-K - PINNACLE FOODS FINANCE LLC--FORM 10-K - Pinnacle Foods Finance LLCd10k.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - Pinnacle Foods Finance LLCdex311.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - Pinnacle Foods Finance LLCdex322.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER - Pinnacle Foods Finance LLCdex312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - Pinnacle Foods Finance LLCdex321.htm
EX-10.39 - EMPLOYMENT OFFER LETTER - Pinnacle Foods Finance LLCdex1039.htm
EX-10.38 - EMPLOYMENT OFFER LETTER - Pinnacle Foods Finance LLCdex1038.htm

Exhibit 12.1

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

     Successor     Predecessor  
     Fiscal year
ended
December 27,
2009		    Fiscal year
ended
December 28,
2008		     39 weeks
ended
December 30,
2007		     13 weeks
ended
April 2,
2007		     Fiscal year
ended
December 31,
2006		    Fiscal year
ended
December 25,
2005		  
 

Fixed charges as defined:

                 

Interest expense

    $ 121,167    $ 153,280      $ 124,504      $ 39,079      $ 86,615    $ 71,104   

One-third of non-cancelable lease rent

      1,756      1,654        784        501        2,026      2,062   
                                              
 

Total fixed charges (A)

    $ 122,923    $ 154,934      $ 125,288      $ 39,580      $ 88,641    $ 73,166   
                                              
 

Earnings as defined:

                 

Earnings (loss) before income taxes

    $ 24,880    $ (1,545 )    $ (23,963 )    $ (60,365 )    $ 60,022    $ (43,602 ) 

Add fixed charges

      122,923      154,934        125,288        39,580        88,641      73,166   
                                              
 

Earnings and fixed charges (B)

    $ 147,803    $ 153,389      $ 101,325      $ (20,785 )    $ 148,663    $ 29,564   
                                              
 

Ratio of earnings to fixed charges: (B/A)

      1.20x      NM (1)      NM (1)      NM (2)      1.68      NM (2) 

 

(1) The Successor’s earnings for the fiscal years ending 2008 and the 39 weeks ending December 30, 2007 were insufficient to cover fixed charges by $1.5 million and $24.0 million, respectively.
(2) The Predecessor’s earnings for the 13 weeks ending April 2, 2007 and fiscal 2005 were insufficient to cover fixed charges by $60.3 million and $43.6 million, respectively.

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