Attached files
EXHIBIT 12
PILGRIMS PRIDE CORPORATION
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
Three Months Ended | ||||||||
March 28, 2010 |
March 28, 2009 |
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(In thousands, except ratios) | ||||||||
Earnings (loss): |
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Loss from continuing operations before income taxes |
$ | (78,668 | ) | $ | (56,819 | ) | ||
Add: Total fixed charges |
32,816 | 50,648 | ||||||
Less: Interest capitalized |
198 | 589 | ||||||
Total earnings (loss) |
$ | (46,050 | ) | $ | (6,760 | ) | ||
Fixed charges: |
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Interest charges |
$ | 28,420 | $ | 47,033 | ||||
Portion of noncancelable lease expense representative of the interest factor |
4,396 | 3,615 | ||||||
Total fixed charges |
$ | 32,816 | $ | 50,648 | ||||
Ratio of earnings to fixed charges |
(a | ) | (b | ) |
(a) | Earnings were insufficient to cover fixed charges by $78,866. |
(b) | Earnings were insufficient to cover fixed charges by $57,408. |