EXHIBIT 12
Linens 'n Things, Inc.
Computation of Ratio of
Earnings to Fixed Charges
(in Thousands)
1996 1995 1994 1993 1992
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NET EARNINGS
Net Income (Loss) .............................. $ 15,039 $ (34) $ 17,198 $ 11,719 $ (1,201)
Income taxes ................................... 10,952 1,108 11,874 8,619 (310)
Interest expense, excluding capitalized interest 4,692 7,059 3,170 1,398 1,301
Portion of rents deemed representative
of interest factor (1/3) .................... 17,774 12,946 9,504 7,104 5,935
-------- -------- -------- -------- --------
$ 48,457 $ 21,079 $ 41,746 $ 28,840 $ 5,725
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FIXED CHARGES
Gross interest expense ......................... 4,692 7,059 3,170 1,398 1,301
Portion of rents deemed representative
of interest factor (1/3) .................... 17,774 12,946 9,504 7,104 5,935
-------- -------- -------- -------- --------
$ 22,466 $ 20,005 $ 12,674 $ 8,502 $ 7,236
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RATIO OF EARNINGS TO FIXED CHARGES ............. 2.16 1.05 3.29 3.39 0.79
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