EXHIBIT 12
Linens 'n Things, Inc. and Subsidiaries
Computation of Ratio of
Earnings to Fixed Charges
(in thousands)
1997 1996 1995 1994 1993
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NET EARNINGS
Net income (loss) $ 25,790 $ 15,039 $ (34) $ 17,198 $ 11,719
Income taxes 18,704 10,952 1,108 11,874 8,619
Interest expense, excluding capitalized interest 1,405 4,692 7,059 3,170 1,398
Portion of rents deemed representative
of interest factor (1/3) 23,271 17,774 12,946 9,504 7,104
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$ 69,170 $ 48,457 $ 21,079 $ 41,746 $ 28,840
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FIXED CHARGES
Gross interest expense 1,574 4,692 7,059 3,170 1,398
Portion of rents deemed representative
of interest factor (1/3) 23,271 17,774 12,946 9,504 7,104
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$ 24,845 $ 22,466 $ 20,005 $ 12,674 $ 8,502
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RATIO OF EARNINGS TO FIXED CHARGES 2.78 2.16 1.05 3.29 3.39
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