Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TIFFANY & CO | tif-20161031x10q.htm |
| EX-32.2 - EXHIBIT 32.2 - TIFFANY & CO | tif-exhibit322x10312016.htm |
| EX-32.1 - EXHIBIT 32.1 - TIFFANY & CO | tif-exhibit321x10312016.htm |
| EX-31.2 - EXHIBIT 31.2 - TIFFANY & CO | tif-exhibit312x10312016.htm |
| EX-31.1 - EXHIBIT 31.1 - TIFFANY & CO | tif-exhibit311x10312016.htm |
Exhibit 12.1
TIFFANY & CO.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine months ended October 31, | |||||||
(dollars in millions) | 2016 | 2015 | |||||
Earnings from continuing operations before income taxes | $ | 430.2 | $ | 461.1 | |||
Fixed charges, less capitalized interest | 94.1 | 92.8 | |||||
Total earnings as defined | $ | 524.3 | $ | 553.9 | |||
Fixed Charges: | |||||||
Interest expense before capitalization of interest a | $ | 33.4 | $ | 34.3 | |||
Estimated interest portion of rent expense | 62.1 | 59.4 | |||||
Total fixed charges b | $ | 95.5 | $ | 93.7 | |||
Ratio of Earnings to Fixed Charges | 5.5 | x | 5.9 | x | |||
a | Interest expense does not include interest related to uncertain tax positions and other non-third party indebtedness. |
b | Fixed charges represent interest expense (before interest is capitalized), amortization of deferred financing costs and an appropriate interest factor on operating leases. |