Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - TIFFANY & CO | tif-exhibit322x7312018.htm |
| EX-32.1 - EXHIBIT 32.1 - TIFFANY & CO | tif-exhibit321x7312018.htm |
| EX-31.2 - EXHIBIT 31.2 - TIFFANY & CO | tif-exhibit312x7312018.htm |
| EX-31.1 - EXHIBIT 31.1 - TIFFANY & CO | tif-exhibit311x7312018.htm |
| 10-Q - 10-Q - TIFFANY & CO | tif-2018731x10q.htm |
Exhibit 12.1
TIFFANY & CO.
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended July 31, | |||||||
(dollars in millions) | 2018 | 2017 | |||||
Earnings from operations before income taxes | $ | 372.5 | $ | 308.7 | |||
Fixed charges, less capitalized interest | 64.1 | 61.7 | |||||
Total earnings as defined | $ | 436.6 | $ | 370.4 | |||
Fixed Charges: | |||||||
Interest expense before capitalization of interest a | $ | 17.9 | $ | 19.4 | |||
Estimated interest portion of rent expense | 46.2 | 42.6 | |||||
Total fixed charges b | $ | 64.1 | $ | 62.0 | |||
Ratio of Earnings to Fixed Charges | 6.8 | x | 6.0 | 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. |