Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - J M SMUCKER Co | sjm2016731-10q.htm |
| EX-31.1 - EX-31.1 - J M SMUCKER Co | sjm2016731-10qex311.htm |
| EX-31.2 - EX-31.2 - J M SMUCKER Co | sjm2016731-10qex312.htm |
| EX-32 - EX-32 - J M SMUCKER Co | sjm2016731-10qex32.htm |
Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
July 31, 2016 | |||
Three Months Ended | |||
Earnings before fixed charges: | |||
Income before income taxes | $ | 253.4 | |
Total fixed charges | 51.0 | ||
Less: capitalized interest | (0.2 | ) | |
Earnings available for fixed charges | $ | 304.2 | |
Fixed charges: | |||
Interest and other debt expense, net of capitalized interest | $ | 41.9 | |
Capitalized interest | 0.2 | ||
Estimated interest portion of rent expense (A) | 8.9 | ||
Total fixed charges | $ | 51.0 | |
Ratio of earnings to fixed charges | 6.0 | ||
(A) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |