Exhibit 12.1
SIGNET JEWELERS LIMITED AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
| Fiscal Year Ended | ||||||||||||||||||||
| February 1, 2014 | February 2, 2013(1) | January 28, 2012 | January 29, 2011 | January 30, 2010 | ||||||||||||||||
| (in millions, except ratio) | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||
Income before income taxes | $ | 566.5 | $ | 556.9 | $ | 502.1 | $ | 300.4 | $ | 230.5 | ||||||||||
Fixed charges(2) | 111.9 | 108.9 | 109.2 | 176.3 | 138.3 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Earnings | $ | 678.4 | $ | 665.8 | $ | 611.3 | $ | 476.7 | $ | 368.8 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense, net | $ | 3.6 | $ | 3.2 | $ | 3.4 | $ | 68.6 | $ | 33.1 | ||||||||||
Facility amendment fee amortization | 0.4 | 0.4 | 1.9 | 3.5 | 0.9 | |||||||||||||||
Estimate of interest within rental expense(3) | 107.9 | 105.3 | 103.9 | 104.2 | 104.3 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Fixed Charges | $ | 111.9 | $ | 108.9 | $ | 109.2 | $ | 176.3 | $ | 138.3 | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Ratio of Earnings to Fixed Charges | 6.06x | 6.11x | 5.60x | 2.70x | 2.67x | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
| (1) | The fiscal year ended February 2, 2013 was comprised of 53 weeks. |
| (2) | Fixed charges comprise interest expense, net, facility amendment fee amortization and an estimate of the interest within rental expense. |
| (3) | Interest within rental expense is estimated to be one-third of rental expense. |
