EX-12.1 2 ex12_1.htm COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES ex12_1.htm
 
 
 


EXHIBIT 12
  
PILGRIM’S PRIDE CORPORATION
  
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES
  
   
   
Three Months Ended
  
   
December 29,
 2007
    
December 30,
 2006
  
Earnings (loss):
  
(In thousands, except ratios)
  
Loss before income taxes
   $ (24,555 )   $ (14,500 )
Add:  Total fixed charges
     32,434       18,073  
Less:  Interest capitalized
     1,589       1,068  
                 
Total earnings
   $ 6,290     $ 2,505  
                 
Fixed charges:
                
Interest expense
   $ 31,924     $ 14,982  
Portion of rental expense representative of the interest factor
     510       3,091  
                 
Total fixed charges
   $ 32,434     $ 18,073  
                 
Ratio of earnings to fixed charges
  
(a)
    
(b)
  

(a)  Earnings were insufficient to cover fixed charges by $26,144.

(b)  Earnings were insufficient to cover fixed charges by $15,568.