EX-12.1 3 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES. Statement of Computation of Ratio of Earnings to Fixed Charges.

EXHIBIT 12.1

 

SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE KROGER CO. AND CONSOLIDATED SUBSIDIARY COMPANIES FOR THE FIVE FISCAL YEARS ENDED FEBRUARY 1, 2003

 

    

Fiscal Years Ended

  
    

February 1,

2003

(52 weeks)

     

February 2, 2002 (52 weeks)

     

February 3, 2001 (53 weeks)

     

January 29, 2000 (52 weeks)

     

January 2, 1999 (53 weeks)

  
    

(in millions of dollars)

  

Earnings:

                                             

Earnings before tax expense, extraordinary loss and cumulative effect of accounting change

   

$

1,973

 

   

$

1,711

 

   

$

1,508

 

   

$

1,102

 

   

$

889

 

Fixed charges

   

 

979

 

   

 

1,030

 

   

 

1,058

 

   

 

1,010

 

   

 

1,038

 

Capitalized interest

   

 

(5

)

   

 

(9

)

   

 

(7

)

   

 

(5

)

   

 

(9

)

    
  
  
  
  
    

$

2,947

 

   

$

2,732

 

   

$

2,559

 

   

$

2,107

 

   

$

1,918

 

    
  
  
  
  

Fixed charges:

                                             

Interest

   

$

605

 

   

$

659

 

   

$

683

 

   

$

644

 

   

$

654

 

Portion of rental Payments deemed to be interest

   

 

374

 

   

 

371

 

   

 

375

 

   

 

366

 

   

 

384

 

    
  
  
  
  
    

$

979

 

   

$

1,030

 

   

$

1,058

 

   

$

1,010

 

   

$

1,038

 

    
  
  
  
  

Ratio of earnings to fixed charges

   

 

3.0

 

   

 

2.7

 

   

 

2.4

 

   

 

2.1

 

   

 

1.8