EX-12.1 4 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of ratio of earnings to fixed charges

Exhibit 12.1

 

Cisco Systems, Inc.

Ratio of earnings to fixed charges

(in millions)

 

     Three
Months Ended
October 25, 2008		    Year ended
        July 26, 2008    July 28, 2007    July 29, 2006    July 30, 2005    July 31, 2004

Earnings before income taxes, minority interest and cumulative effect of accounting changes

    $ 2,605    $ 10,255    $ 9,461    $ 7,633    $ 8,036    $ 6,992

Fixed charges

      86      406      443      202      54      57
                                         

Earnings

    $ 2,691    $ 10,661    $ 9,904    $ 7,835    $ 8,090    $ 7,049
                                         

Fixed charges(a)

    $ 86    $ 406    $ 443    $ 202    $ 54    $ 57
                                         

RATIO OF EARNINGS TO FIXED CHARGES

      31.4      26.2      22.4      38.7      150.6      123.0

 

(a)   Included in fixed charges is an estimate of the interest within rental expense. This amount includes 30 percent of the rental expense, which the Company believes is a reasonable approximation of the interest component of rental expense.