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- 3.3 EX-3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
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- 99.4 EX-99.4
Exhibit 12.1
Dollar Tree, Inc.
Computation of Ratio of Earnings to Fixed Charges
(in millions of dollars)
|
| Fiscal Year Ended(1) |
| |||||||||||||
|
| January 30, |
| January 31, |
| February 1, |
| February 2, |
| January 28, |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
| |||||
Earnings before income taxes |
| $ | 448.2 |
| $ | 954.2 |
| $ | 954.3 |
| $ | 978.9 |
| $ | 779.5 |
|
Add: Fixed charges |
| 918.2 |
| 258.7 |
| 181.2 |
| 154.8 |
| 143.2 |
| |||||
Less: Capitalized interest |
| 1.3 |
| — |
| — |
| — |
| — |
| |||||
Adjusted earnings |
| 1,367.7 |
| 1,212.9 |
| 1,135.5 |
| 1,133.7 |
| 922.7 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense(2) |
| $ | 602.0 |
| $ | 80.8 |
| $ | 16.6 |
| $ | 3.7 |
| $ | 3.3 |
|
Portion of rent estimated to represent interest(3) |
| 316.2 |
| 177.9 |
| 164.6 |
| 151.1 |
| 139.9 |
| |||||
Total fixed charges |
| 918.2 |
| 258.7 |
| 181.2 |
| 154.8 |
| 143.2 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Ratio of earnings to fixed charges |
| 1.5 |
| 4.7 |
| 6.3 |
| 7.3 |
| 6.4 |
|
(1) | Our fiscal year consists of 52 or 53 weeks ending on the Saturday nearest January 31st. All fiscal years presented are 52 weeks, with the exception of the year ended February 2, 2013 which consisted of 53 weeks. |
(2) | Including amortization of debt premium, discount and issuance costs. |
(3) | Management estimates approximately one-third of rent expense is representative of interest expense. |