Attached files
| file | filename |
|---|---|
| EX-21 - EXHIBIT 21 - TORO CO | ttc-10312017xex21.htm |
| 10-K - 10-K - TORO CO | ttc-10312017x10k.htm |
| EX-32 - EXHIBIT 32 - TORO CO | ttc-10312017xex32.htm |
| EX-31.2 - EXHIBIT 31.2 - TORO CO | ttc-10312017xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - TORO CO | ttc-10312017xex311.htm |
| EX-23 - EXHIBIT 23 - TORO CO | ttc-10312017xex23.htm |
Exhibit 12
THE TORO COMPANY AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Not Covered by Report of Independent Registered Public Accounting Firm)
Fiscal Years Ended October 31 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||
Earnings before income taxes | $ | 353,184 | $ | 330,460 | $ | 291,031 | $ | 256,445 | $ | 226,713 | |||||
Plus: fixed charges | 28,400 | 28,123 | 27,086 | 23,536 | 24,343 | ||||||||||
Earnings available to cover fixed charges | $ | 381,584 | $ | 358,583 | $ | 318,117 | $ | 279,981 | $ | 251,056 | |||||
Ratio of earnings to fixed charges | 13.4 | 12.8 | 11.7 | 11.9 | 10.3 | ||||||||||
Interest expense | $ | 19,113 | $ | 19,336 | $ | 18,757 | $ | 15,426 | $ | 16,210 | |||||
Rentals (interest factor) | 9,287 | 8,787 | 8,329 | 8,110 | 8,133 | ||||||||||
Total fixed charges | $ | 28,400 | $ | 28,123 | $ | 27,086 | $ | 23,536 | $ | 24,343 | |||||