Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - UNIVERSAL CORP /VA/ | uvv-10qx20150930.htm |
| EX-32.2 - EXHIBIT 32.2 - UNIVERSAL CORP /VA/ | uvv-exhibit322x20150930.htm |
| EX-31.1 - EXHIBIT 31.1 - UNIVERSAL CORP /VA/ | uvv-exhibit311x20150930.htm |
| EX-32.1 - EXHIBIT 32.1 - UNIVERSAL CORP /VA/ | uvv-exhibit321x20150930.htm |
| EX-31.2 - EXHIBIT 31.2 - UNIVERSAL CORP /VA/ | uvv-exhibit312x20150930.htm |
Exhibit 12
UNIVERSAL CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERENCE DIVIDENDS
Three Months Ended September 30, | Six Months Ended September 30, | |||||||||||||||
(in thousands, except for ratios) | 2015 | 2014 | 2015 | 2014 | ||||||||||||
Earnings | ||||||||||||||||
Pretax income before equity in pretax earnings of unconsolidated affiliates | $ | 33,577 | $ | 17,127 | $ | 24,636 | $ | 5,013 | ||||||||
Fixed charges (net of interest capitalized) | 4,599 | 5,592 | 9,150 | 10,349 | ||||||||||||
Distribution of earnings from unconsolidated affiliates | — | — | — | — | ||||||||||||
Total Earnings | $ | 38,176 | $ | 22,719 | $ | 33,786 | $ | 15,362 | ||||||||
Fixed Charges and Preference Dividends | ||||||||||||||||
Interest expense | $ | 3,912 | $ | 4,852 | $ | 7,796 | $ | 8,872 | ||||||||
Interest capitalized | — | — | — | — | ||||||||||||
Amortization of premiums, discounts, and debt issuance costs | 212 | 326 | 425 | 652 | ||||||||||||
Interest component of rent expense | 476 | 414 | 930 | 825 | ||||||||||||
Total Fixed Charges | 4,600 | 5,592 | 9,151 | 10,349 | ||||||||||||
Dividends on convertible perpetual preferred stock (pretax) | 5,673 | 5,712 | 11,345 | 11,423 | ||||||||||||
Total Fixed Charges and Preference Dividends | $ | 10,273 | $ | 11,304 | $ | 20,496 | $ | 21,772 | ||||||||
Ratio of Earnings to Fixed Charges | 8.30 | 4.06 | 3.69 | 1.48 | ||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preference Dividends | 3.72 | 2.01 | 1.65 | 0.71 | ||||||||||||