Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - J M SMUCKER Co | sjm20180131-10qex32.htm |
| EX-31.2 - EXHIBIT 31.2 - J M SMUCKER Co | sjm20180131-10qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - J M SMUCKER Co | sjm20180131-10qex311.htm |
| 10-Q - 10-Q - J M SMUCKER Co | sjm20180131-10q.htm |
Exhibit 12.1
The J. M. Smucker Company
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
January 31, 2018 | |||||||
Three Months Ended | Nine Months Ended | ||||||
Earnings before fixed charges: | |||||||
Income before income taxes | $ | 116.0 | $ | 596.8 | |||
Total fixed charges | 52.8 | 154.1 | |||||
Less: Capitalized interest | (0.5 | ) | (1.3 | ) | |||
Earnings available for fixed charges | $ | 168.3 | $ | 749.6 | |||
Fixed charges: | |||||||
Interest and other debt expense, net of capitalized interest | $ | 43.9 | $ | 128.6 | |||
Capitalized interest | 0.5 | 1.3 | |||||
Estimated interest portion of rent expense (A) | 8.4 | 24.2 | |||||
Total fixed charges | $ | 52.8 | $ | 154.1 | |||
Ratio of earnings to fixed charges | 3.2 | 4.9 | |||||
(A) | For purposes of this calculation, management estimates approximately one-third of rent expense is representative of interest expense. |