Attached files
file | filename |
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EX-32 - EXHIBIT 32 - J M SMUCKER Co | sjm20170731-10qex32.htm |
EX-31.2 - EXHIBIT 31.2 - J M SMUCKER Co | sjm20170731-10qex312.htm |
EX-31.1 - EXHIBIT 31.1 - J M SMUCKER Co | sjm20170731-10qex311.htm |
10-Q - 10-Q - J M SMUCKER Co | sjm20170731-10q.htm |
Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
July 31, 2017 | |||
Three Months Ended | |||
Earnings before fixed charges: | |||
Income before income taxes | $ | 189.0 | |
Total fixed charges | 50.6 | ||
Less: capitalized interest | (0.4 | ) | |
Earnings available for fixed charges | $ | 239.2 | |
Fixed charges: | |||
Interest and other debt expense, net of capitalized interest | $ | 42.5 | |
Capitalized interest | 0.4 | ||
Estimated interest portion of rent expense (A) | 7.7 | ||
Total fixed charges | $ | 50.6 | |
Ratio of earnings to fixed charges | 4.7 |
(A) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |