EX-12.0 2 uvv-exhibit12x20180630.htm EXHIBIT 12.0
Exhibit 12
UNIVERSAL CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES

|  | Three Months Ended June 30,
(in thousands, except for ratios) |  | 2018 |  | 2017
Earnings |  |  |  |
Pretax income before equity in pretax earnings of unconsolidated affiliates |  | $ | 5,122 |  |  | $ | 3,293 |
Fixed charges (net of interest capitalized) |  | 4,354 |  |  | 4,318 |
Distribution of earnings from unconsolidated affiliates |  | — |  |  | — |
Total Earnings |  | $ | 9,476 |  |  | $ | 7,611 |
Fixed Charges |  |  |  |
Interest expense |  | $ | 3,949 |  |  | $ | 3,932 |
Interest capitalized |  | — |  |  | — |
Interest component of rent expense |  | 405 |  |  | 386 |
Total Fixed Charges |  | $ | 4,354 |  |  | $ | 4,318 |
Ratio of Earnings to Fixed Charges |  | 2.18 |  |  | 1.76 |