Heilig-Meyers Company
Computation of Ratio of Earnings to Fixed Charges
(dollar amounts in thousands)
Fiscal Year Ended February 28(29)
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1996 1995 1994 1993 1992
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Net Income Before Taxes 64,527 105,901 87,154 59,394 41,237
Interest 40,767 32,889 23,834 23,084 21,389
Property Rentals 21,868 33,631 22,345 17,143 0
Equipment Rentals 41,216 16,050 11,964 3,763 17,405
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Total Earnings Available 168,378 188,471 145,297 103,384 80,031
Fixed Charges:
Interest 40,767 32,889 23,834 23,084 21,389
Property Rentals 21,868 33,631 22,345 17,143 0
Equipment Rentals 41,216 16,050 11,964 3,763 17,405
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Total Fixed Charges 103,851 82,570 58,143 43,990 38,794
Ratio of Earnings to Fixed Charges 1.62 2.28 2.50 2.35 2.06