Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - Old COPPER Company, Inc. | exhibit992bondlaunchmarch2.htm |
| EX-99.1 - EXHIBIT 99.1 - Old COPPER Company, Inc. | exhibit991tenderoffermarch.htm |
| 8-K - 8-K - Old COPPER Company, Inc. | jcpenney8-kmarchlaunch.htm |
Exhibit 12
J. C. Penney Company, Inc.
Computation of Ratios of Earnings to Fixed Charges
(Unaudited)
Nine Months | |||
Ended | |||
($ in millions) | 10/28/2017 | ||
Income/(loss) from continuing operations before income taxes | $ | (410 | ) |
Fixed charges: | |||
Net interest expense | 244 | ||
Loss on extinguishment of debt, bond premiums and unamortized costs | 35 | ||
Estimated interest within rental expense | 70 | ||
Total fixed charges | 349 | ||
Total earnings available for fixed charges | $ | (61 | ) |
Ratio of earnings to fixed charges | (0.2 | ) | |
Coverage deficiency | 410 | ||