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.