Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - J M SMUCKER Co | sjm20180731-10q.htm |
| EX-31.2 - EXHIBIT 31.2 - J M SMUCKER Co | sjm20180731-10qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - J M SMUCKER Co | sjm20180731-10qex311.htm |
| EX-32 - EXHIBIT 32 - J M SMUCKER Co | sjm20180731-10qex32.htm |
Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
July 31, 2018 | |||
Three Months Ended | |||
Earnings before fixed charges: | |||
Income before income taxes | $ | 173.1 | |
Total fixed charges | 63.1 | ||
Less: Capitalized interest | (1.1 | ) | |
Earnings available for fixed charges | $ | 235.1 | |
Fixed charges: | |||
Interest and other debt expense, net of capitalized interest | $ | 54.3 | |
Capitalized interest | 1.1 | ||
Estimated interest portion of rent expense (A) | 7.7 | ||
Total fixed charges | $ | 63.1 | |
Ratio of earnings to fixed charges | 3.7 | ||
(A) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |