EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

PILGRIM’S PRIDE CORPORATION

COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES

 

     Three Months Ended  
     March 28,
2010
    March 28,
2009
 
     (In thousands, except ratios)  

Earnings (loss):

    

Loss from continuing operations before income taxes

   $ (78,668   $ (56,819

Add: Total fixed charges

     32,816        50,648   

Less: Interest capitalized

     198        589   
                

Total earnings (loss)

   $ (46,050   $ (6,760
                

Fixed charges:

    

Interest charges

   $ 28,420      $ 47,033   

Portion of noncancelable lease expense representative of the interest factor

     4,396        3,615   
                

Total fixed charges

   $ 32,816      $ 50,648   
                

Ratio of earnings to fixed charges

     (a     (b

 

(a) Earnings were insufficient to cover fixed charges by $78,866.
(b) Earnings were insufficient to cover fixed charges by $57,408.