EX-12 3 dex12.htm RATIO OF EARNINGS TO FIXED CHARGES FOR THE THIRTEEN WEEKS ENDED MARCH 27, 2011 Ratio of Earnings to Fixed Charges for the thirteen weeks ended March 27, 2011

Exhibit 12

PILGRIM’S PRIDE CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Thirteen Weeks Ended  
     March 27,
2011		     March 28,
2010		  
     (In thousands)  

Loss:

     

Loss before income taxes

    $ (129,767 )    $ (78,668 ) 

Add: Total fixed charges calculated below

      31,510        33,014   

Less: Interest capitalized

      689        198   
                

Total loss

    $ (98,946 )    $ (45,852 ) 
                

Fixed charges:

     

Interest(a)

    $ 28,196      $ 28,618   

Portion on non-cancellable lease expense representative of the interest factor(b)

      3,314        4,396   
                

Total fixed charges

    $ 31,510      $ 33,014   
                

Ratio of losses to fixed charges

      (c)        (d)   

 

(a) Interest includes amortization of capitalized financing fees.
(b) One-third of non-cancellable lease expense is assumed to be representative of the interest factor.
(c) Earnings were insufficient to cover fixed charges by $130.5 million.
(d) Earnings were insufficient to cover fixed charges by $78.9 million.