AUTOZONE INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1

file	filename
EXCEL - IDEA: XBRL DOCUMENT - AUTOZONE INC	Financial_Report.xls
10-Q - FORM 10-Q - AUTOZONE INC	c17767e10vq.htm
EX-32.1 - EXHIBIT 32.1 - AUTOZONE INC	c17767exv32w1.htm
EX-31.2 - EXHIBIT 31.2 - AUTOZONE INC	c17767exv31w2.htm
EX-31.1 - EXHIBIT 31.1 - AUTOZONE INC	c17767exv31w1.htm
EX-15.1 - EXHIBIT 15.1 - AUTOZONE INC	c17767exv15w1.htm
EX-32.2 - EXHIBITI 32.2 - AUTOZONE INC	c17767exv32w2.htm

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
(in thousands, except ratios)


	Thirty-Six Weeks Ended
	May 7,			May 8,
	2011			2010
Earnings:
Income before income taxes	$	854,049		$	737,192
Fixed charges		164,752			153,812
Less: Capitalized interest		(532	)		(757	)

Adjusted earnings	$	1,018,269		$	890,247


Fixed charges:
Gross interest expense	$	112,794		$	107,677
Amortization of debt expense		6,060			4,505
Interest portion of rent expense		45,898			41,630

Fixed charges	$	164,752		$	153,812


Ratio of earnings to fixed charges		6.2			5.8


	Fiscal Year Ended August
	2010			2009			2008			2007			2006
	(52 weeks)			(52 weeks)			(53 weeks)			(52 weeks)			(52 weeks)

Earnings:
Income before income taxes	$	1,160,505		$	1,033,746		$	1,007,389		$	936,150		$	902,036
Fixed charges		223,608			204,017			173,311			170,852			156,976
Less: Capitalized interest		(1,093	)		(1,301	)		(1,313	)		(1,376	)		(1,985	)

Adjusted earnings	$	1,383,020		$	1,236,462		$	1,179,387		$	1,105,626		$	1,057,027


Fixed charges:
Gross interest expense	$	156,135		$	143,860		$	120,006		$	121,592		$	110,568
Amortization of debt expense		6,495			3,644			1,837			1,719			1,559
Interest portion of rent expense		60,978			56,513			51,468			47,541			44,849

Fixed charges	$	223,608		$	204,017		$	173,311		$	170,852		$	156,976


Ratio of earnings to fixed charges		6.2			6.1			6.8			6.5			6.7

AUTOZONE INC - FORM 10-Q - EX-12.1 - EXHIBIT 12.1 - June 15, 2011