EX-12 2 exhibit12.htm RATIO OF EARNINGS TO FIXED CHARGES

EXHIBIT 12
PILGRIM'S PRIDE CORPORATION
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES

March 31, 2013       March 25, 2012
Earnings:
       Income from continuing operations before income taxes $      56,982 $      40,251
       Add: Total fixed charges (see below) 26,707 30,481
       Less: Interest capitalized 599 422
              Total earnings 83,090 70,310
Fixed charges:
       Interest(a) 25,420 28,667
       Portion of noncancelable lease expense representative of interest factor(b) 1,287 1,814
              Total fixed charges 26,707 30,481
 
Ratio of earnings to fixed charges 3.11 2.31

(a)      Interest includes amortization of capitalized financing fees.
(b) One-third of noncancellable lease expense is assumed to representative of the interest factor.