H.B. Fuller (FUL) 10-Q 2008 Q1 Quarterly report

Exhibit 12

H.B. FULLER COMPANY

Computations of Ratios of Earnings to Fixed Charges and

Ratios of Earnings to Fixed Charges and Preferred Stock Dividends

(Thousands of Dollars)

	13 Weeks Ended March 1,		Fiscal Year
	2008		2007		2006		2005		2004		2003
Ratio of Earnings to Fixed Charges:
Earnings:
Income before income taxes, minority interests, equity investments and accounting change	$	24,861	$	136,887	$	94,037	$	73,400	$	36,132	$	44,198
Add:
Interest expense		3,131		13,589		17,824		13,213		14,650		15,514
Interest portion of rental expense		160		625		987		1,181		1,158		1,207
Distributed earnings of 20-50% owned companies		—		—		—		—		—		—
Total Earnings Available for Fixed Charges	$	28,152	$	151,101	$	112,848	$	87,794	$	51,940	$	60,919
Fixed charges:
Interest on debt	$	2,947	$	12,920	$	17,526	$	12,674	$	14,490	$	14,573
Interest portion of rental expense		160		625		987		1,181		1,158		1,207
Total fixed charges	$	3,107	$	13,545	$	18,513	$	13,855	$	15,648	$	15,780
Ratio of earnings to fixed charges		9.1		11.2		6.1		6.3		3.3		3.9
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends:
Total fixed charges, as above	$	3,107	$	13,545	$	18,513	$	13,855	$	15,648	$	15,780
Dividends on preferred stock (pre-tax basis)		—		—		—		—		—		—
Total fixed charges and preferred stock dividends	$	3,107	$	13,545	$	18,513	$	13,855	$	15,648	$	15,780
Earnings available for fixed charges and preferred stock dividends	$	28,152	$	151,101	$	112,848	$	87,794	$	51,940	$	60,919
Ratio of earnings to fixed charges and preferred stock dividends		9.1		11.2		6.1		6.3		3.3		3.9