1 Exhibit 12.01 GENERAL HOST CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 1995 1994 1993 1992 1991 ---- ---- ---- ---- ---- Earnings: Income (loss) from continuing operations before income taxes ($4,964) $ 7,685 ($53,906) $ 1,005 $14,601 Fixed charges against earnings 31,064 29,672 31,183 30,679 24,839 Amortization of capitalized interest 217 215 182 130 129 ------- ------- ------- ------- ------- Total earnings $26,317 $37,572 ($22,541) $31,814 $39,569 ======= ======= ======= ======= ======= Fixed Charges: Interest and debt $23,845 $22,911 $23,251 $23,232 $18,063 33 1/3% of net minimum rent expense 7,219 6,761 7,932 7,447 6,776 ------- ------- ------- ------- ------- Fixed charges against earnings 31,064 29,672 31,183 30,679 24,839 Interest capitalized 76 28 542 1,000 38 ------- ------- ------- ------- ------- Total fixed charges $31,140 $29,700 $31,725 $31,679 $24,877 ======= ======= ======= ======= ======= Excess (defiency) ($4,823) $7,872 ($54,266) $135 $14,692 ======= ======= ======= ======= ======= Ratio 0.85 1.27 (0.71) 1.00 1.59 ======= ======= ======= ======= ======= Minimum rent expense $21,658 $20,285 $23,798 $22,342 $20,330 ======= ======= ======= ======= =======