Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - TIFFANY & CO | tif-exhibit322x10312017.htm |
| EX-32.1 - EXHIBIT 32.1 - TIFFANY & CO | tif-exhibit321x10312017.htm |
| EX-31.2 - EXHIBIT 31.2 - TIFFANY & CO | tif-exhibit312x10312017.htm |
| EX-31.1 - EXHIBIT 31.1 - TIFFANY & CO | tif-exhibit311x10312017.htm |
| 10-Q - 10-Q - TIFFANY & CO | tif-20171031x10q.htm |
Exhibit 12.1
TIFFANY & CO.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended October 31, | |||||||
(dollars in millions) | 2017 | 2016 | |||||
Earnings from continuing operations before income taxes | $ | 459.1 | $ | 430.2 | |||
Fixed charges, less capitalized interest | 93.7 | 94.1 | |||||
Total earnings as defined | $ | 552.8 | $ | 524.3 | |||
Fixed Charges: | |||||||
Interest expense before capitalization of interest a | $ | 29.2 | $ | 33.4 | |||
Estimated interest portion of rent expense | 64.9 | 62.1 | |||||
Total fixed charges b | $ | 94.1 | $ | 95.5 | |||
Ratio of Earnings to Fixed Charges | 5.9 | x | 5.5 | 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. |