Exhibit 12.1
SCHEDULE OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE KROGER CO.
AND CONSOLIDATED SUBSIDIARY COMPANIES AND UNCONSOLIDATED COMPANIES AS IF
CONSOLIDATED FOR THE FIVE FISCAL YEARS ENDED December 30, 1995
Five Years Ended
--------------------------------------------------------------------
December 30, December 31, January 1, January 2, December 28,
1995 1994 1994 1993 1991
(52 Weeks) (52 Weeks) (52 Weeks) (53 Weeks) (52 Weeks)
------------ ------------ ---------- ---------- ------------
(in thousands of dollars)
Earnings
Earnings from continuing
operations before tax
expense, extraordinary
loss and cumulative
effect of change
in accounting.............. $509,538 $421,363 $283,938 $173,415 $168,595
Fixed charges............... 489,939 500,599 556,008 640,004 687,227
Capitalized interest........ (6,785) (2,521) 230 (960) 122
-------- -------- -------- -------- --------
$992,692 $919,441 $840,176 $812,459 $855,944
======== ======== ======== ======== ========
Fixed Charges
Interest.................... $320,236 $331,097 $391,693 $476,932 $536,485
Portion of rental payments
deemed to be interest...... 169,703 169,502 164,315 163,072 150,741
-------- -------- -------- -------- --------
$489,939 $500,599 $556,008 $640,004 $687,226
======== ======== ======== ======== ========
Ratio of Earnings to
Fixed Charges............... 2.0 1.8 1.5 1.3 1.2
Dollar Deficiency of
Coverage.................... N/A N/A N/A N/A N/A