Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - UNIVERSAL CORP /VA/ | uvv-exhibit311x20180930.htm |
| EX-31.2 - EXHIBIT 31.2 - UNIVERSAL CORP /VA/ | uvv-exhibit312x20180930.htm |
| EX-32.1 - EXHIBIT 32.1 - UNIVERSAL CORP /VA/ | uvv-exhibit321x20180930.htm |
| EX-32.2 - EXHIBIT 32.2 - UNIVERSAL CORP /VA/ | uvv-exhibit322x20180930.htm |
| 10-Q - 10-Q - UNIVERSAL CORP /VA/ | uvv-10qx20180930.htm |
Exhibit 12
UNIVERSAL CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended September 30, | Six Months Ended September 30, | |||||||||||||||
(in thousands, except for ratios) | 2018 | 2017 | 2018 | 2017 | ||||||||||||
Earnings | ||||||||||||||||
Pretax income before equity in pretax earnings of unconsolidated affiliates | $ | 50,272 | $ | 41,537 | $ | 55,394 | $ | 44,830 | ||||||||
Fixed charges (net of interest capitalized) | 5,020 | 4,416 | 9,374 | 8,734 | ||||||||||||
Distribution of earnings from unconsolidated affiliates | — | — | — | — | ||||||||||||
Total Earnings | $ | 55,292 | $ | 45,953 | $ | 64,768 | $ | 53,564 | ||||||||
Fixed Charges | ||||||||||||||||
Interest expense | $ | 4,593 | $ | 3,964 | $ | 8,542 | $ | 7,896 | ||||||||
Interest capitalized | — | — | — | — | ||||||||||||
Interest component of rent expense | 427 | 452 | 832 | 838 | ||||||||||||
Total Fixed Charges | 5,020 | 4,416 | $ | 9,374 | $ | 8,734 | ||||||||||
Ratio of Earnings to Fixed Charges | 11.01 | 10.41 | 6.91 | 6.13 | ||||||||||||