PILGRIMS PRIDE CORP - FORM 10-Q - EX-12 - RATIO OF EARNINGS TO FIXED CHARGES FOR THE THIRTEEN WEEKS ENDED MARCH 27, 2011 - April 29, 2011

Attached files

file filename
10-Q - FORM 10-Q - PILGRIMS PRIDE CORPd10q.htm
EX-31.2 - SECTION 302 PRINCIPAL FINANCIAL OFFICER CERTIFICATION - PILGRIMS PRIDE CORPdex312.htm
EX-32.1 - SECTION 906 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION - PILGRIMS PRIDE CORPdex321.htm
EX-10.3 - AMENDMENT NO. 2 TO THE CREDIT AGREEMENT DATED AS OF DECEMBER 28, 2009 - PILGRIMS PRIDE CORPdex103.htm
EX-32.2 - SECTION 906 PRINCIPAL FINANCIAL OFFICER CERTIFICATION - PILGRIMS PRIDE CORPdex322.htm
EX-31.1 - SECTION 302 PRINCIPAL EXECUTIVE OFFICER CERTIFICATION - PILGRIMS PRIDE CORPdex311.htm

Exhibit 12

PILGRIM’S PRIDE CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Thirteen Weeks Ended  
     March 27,
2011		     March 28,
2010		  
     (In thousands)  

Loss:

     

Loss before income taxes

    $ (129,767 )    $ (78,668 ) 

Add: Total fixed charges calculated below

      31,510        33,014   

Less: Interest capitalized

      689        198   
                

Total loss

    $ (98,946 )    $ (45,852 ) 
                

Fixed charges:

     

Interest(a)

    $ 28,196      $ 28,618   

Portion on non-cancellable lease expense representative of the interest factor(b)

      3,314        4,396   
                

Total fixed charges

    $ 31,510      $ 33,014   
                

Ratio of losses to fixed charges

      (c)        (d)   

 

(a) Interest includes amortization of capitalized financing fees.
(b) One-third of non-cancellable lease expense is assumed to be representative of the interest factor.
(c) Earnings were insufficient to cover fixed charges by $130.5 million.
(d) Earnings were insufficient to cover fixed charges by $78.9 million.

PILGRIMS PRIDE CORP Reports