Exhibit 12.1
The TJX Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
13 Weeks | ||||||||||||||||||||||||
Ended | — Fiscal Year Ended — | |||||||||||||||||||||||
5/2/2009 | 1/31/2009 | 1/26/2008 | 1/27/2007 | 1/28/2006 | 1/29/2005 | |||||||||||||||||||
Income from continuing operations: | $ | 209.2 | $ | 914.9 | $ | 782.4 | $ | 787.2 | $ | 706.7 | $ | 620.8 | ||||||||||||
Add Back: | ||||||||||||||||||||||||
Taxes | 130.0 | 536.0 | 477.7 | 477.0 | 329.7 | 386.2 | ||||||||||||||||||
Interest expense | 8.9 | 36.5 | 39.1 | 39.2 | 39.0 | 33.5 | ||||||||||||||||||
Interest portion of rent expense | 85.6 | 281.0 | 262.7 | 244.9 | 226.4 | 208.4 | ||||||||||||||||||
A) Income before taxes and fixed charges | $ | 433.7 | $ | 1,768.4 | $ | 1,561.9 | $ | 1,548.3 | $ | 1,301.8 | $ | 1,248.9 | ||||||||||||
Fixed charges | ||||||||||||||||||||||||
Capitalized Interest | $ | 0.2 | $ | 1.6 | $ | 0.8 | — | — | — | |||||||||||||||
Interest expense | 8.9 | 36.5 | 39.1 | 39.2 | 39.0 | 33.5 | ||||||||||||||||||
Interest portion of rent expense | 85.6 | 281.0 | 262.7 | 244.9 | 226.4 | 208.4 | ||||||||||||||||||
B) Fixed charges | $ | 94.7 | $ | 319.1 | $ | 302.6 | $ | 284.1 | $ | 265.4 | $ | 241.9 | ||||||||||||
Ratio of earnings to fixed charges (A/B) | 4.58X | 5.54X | 5.16X | 5.45X | 4.90X | 5.16X | ||||||||||||||||||