Exhibit 12.1
The Scotts Miracle-Gro Company
Computation of Ratio of Earnings to Fixed Charges
| ($ IN MILLIONS) | For the Fiscal Year Ended September 30, | ||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
| Income from continuing operations before income taxes | $ | 181.8 | $ | 222.6 | $ | 331.2 | $ | 221.1 | $ | 61.6 | |||||||||
| Fixed charges | 85.7 | 77.2 | 69.4 | 77.7 | 104.2 | ||||||||||||||
Other (1) | 0.5 | 0.5 | 0.5 | 0.8 | 0.7 | ||||||||||||||
| Interest Capitalized | (0.9 | ) | (0.9 | ) | (0.8 | ) | (0.4 | ) | (0.4 | ) | |||||||||
| Total adjusted earnings available for payment of fixed charges | $ | 267.1 | $ | 299.4 | $ | 400.3 | $ | 299.2 | $ | 166.1 | |||||||||
| Fixed Charges: | |||||||||||||||||||
| Interest expense | $ | 61.8 | $ | 53.9 | $ | 46.8 | $ | 56.4 | $ | 82.2 | |||||||||
| Interest Capitalized | 0.9 | 0.9 | 0.8 | 0.4 | 0.4 | ||||||||||||||
| Rental expense representative of interest factor | 23.0 | 22.4 | 21.8 | 20.9 | 21.6 | ||||||||||||||
| Total Fixed Charges | $ | 85.7 | $ | 77.2 | $ | 69.4 | $ | 77.7 | $ | 104.2 | |||||||||
| Ratio of Earnings to Fixed Charges | 3.1 | 3.9 | 5.8 | 3.9 | 1.6 | ||||||||||||||
(1) | Includes amortization of capitalized interest, adjustments for minority interests in consolidated subsidiaries and distributed earnings of equity investees. |