Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - J M SMUCKER Co | d75084d10q.htm |
| EX-32 - EX-32 - J M SMUCKER Co | d75084dex32.htm |
| EX-31.2 - EX-31.2 - J M SMUCKER Co | d75084dex312.htm |
| EX-31.1 - EX-31.1 - J M SMUCKER Co | d75084dex311.htm |
Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
| October 31, 2015 | ||||||||
| Three Months Ended |
Six Months Ended |
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| Earnings before fixed charges: |
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| Income before income taxes |
$ | 269.6 | $ | 492.4 | ||||
| Total fixed charges |
48.7 | 99.2 | ||||||
| Less: capitalized interest |
(0.2 | ) | (0.6 | ) | ||||
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| Earnings available for fixed charges |
$ | 318.1 | $ | 591.0 | ||||
| Fixed charges: |
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| Interest and other debt expense, net of capitalized interest |
$ | 43.0 | $ | 87.8 | ||||
| Capitalized interest |
0.2 | 0.6 | ||||||
| Estimated interest portion of rent expense (A) |
5.5 | 10.8 | ||||||
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| Total fixed charges |
$ | 48.7 | $ | 99.2 | ||||
| Ratio of earnings to fixed charges |
6.5 | 6.0 | ||||||
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| (A) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |