Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TIFFANY & CO | tif-2017430x10q.htm |
| EX-32.2 - EXHIBIT 32.2 - TIFFANY & CO | tif-exhibit322x4302017.htm |
| EX-32.1 - EXHIBIT 32.1 - TIFFANY & CO | tif-exhibit321x4302017.htm |
| EX-31.2 - EXHIBIT 31.2 - TIFFANY & CO | tif-exhibit312x4302017.htm |
| EX-31.1 - EXHIBIT 31.1 - TIFFANY & CO | tif-exhibit311x4302017.htm |
Exhibit 12.1
TIFFANY & CO.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three months ended April 30, | |||||||
(dollars in millions) | 2017 | 2016 | |||||
Earnings from continuing operations before income taxes | $ | 136.1 | $ | 123.1 | |||
Fixed charges, less capitalized interest | 31.0 | 31.4 | |||||
Total earnings as defined | $ | 167.1 | $ | 154.5 | |||
Fixed Charges: | |||||||
Interest expense before capitalization of interest a | $ | 9.9 | $ | 11.3 | |||
Estimated interest portion of rent expense | 21.2 | 20.5 | |||||
Total fixed charges b | $ | 31.1 | $ | 31.8 | |||
Ratio of Earnings to Fixed Charges | 5.4 | x | 4.9 | x | |||
a | Interest expense does not include interest related to uncertain tax positions and other non-third party indebtedness. |
b | Fixed charges represent interest expense (before interest is capitalized), amortization of deferred financing costs and an appropriate interest factor on operating leases. |