- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
|
|
EXHIBIT 12
THE TORO COMPANY AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Not Covered by Report of Independent Registered Public Accounting Firm)
|
| 10/31/2015 |
| 10/31/2014 |
| 10/31/2013 |
| 10/31/2012 |
| 10/31/2011 |
| |||||
Earnings before income taxes |
| $ | 291,031,000 |
| $ | 256,445,000 |
| $ | 226,713,000 |
| $ | 196,262,000 |
| $ | 174,826,000 |
|
Plus: Fixed charges |
| 27,085,508 |
| 23,535,622 |
| 24,343,024 |
| 24,294,555 |
| 24,249,868 |
| |||||
Earnings available to cover fixed charges |
| $ | 318,116,508 |
| $ | 279,980,622 |
| 251,056,024 |
| $ | 220,556,555 |
| $ | 199,075,868 |
| |
Ratio of earnings to fixed charges |
| 11.74 |
| 11.90 |
| 10.31 |
| 9.08 |
| 8.21 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Interest expense |
| $ | 18,757,000 |
| $ | 15,426,000 |
| $ | 16,210,000 |
| $ | 16,906,000 |
| $ | 16,970,000 |
|
Rentals (interest expense) |
| 8,328,508 |
| 8,109,622 |
| 8,133,024 |
| 7,388,555 |
| 7,279,868 |
| |||||
Total fixed charges |
| $ | 27,085,508 |
| $ | 23,535,622 |
| $ | 24,343,024 |
| $ | 24,294,555 |
| $ | 24,249,868 |
|