1
Exhibit 12
Fieldcrest Cannon, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in thousands)
Nine
months
ended
Sept. 30 Years ended December 31,
1993 1992 1991 1990 1989 1988
-------- -------- ------- -------- ------- -------
Income (loss) from $12,794 $26,576 $ 3,574 $(48,493) $51,861 $38,283
continuing
operations before
provision for
income taxes per
statement of
income
Add:
Interest on 20,260 32,603 35,796 34,392 28,310 29,869
indebtedness
Amortization of 1,364 1,546 1,202 1,128 1,071 1,055
debt expense
Portion of rents 4,820 5,844 5,318 5,601 8,940 8,455
representative of
the interest
factor
- --------------------------------------------------------------------------------------------
Income as adjusted $39,238 $66,569 $45,890 $ (7,372) $90,182 $77,662
- --------------------------------------------------------------------------------------------
Fixed Charges
Interest on $20,260 $32,603 $35,796 $34,392 $28,310 $29,869
indebtedness
Amortization of 1,364 1,546 1,202 1,128 1,071 1,055
debt expense
Portion of rents 4,820 5,844 5,318 5,601 8,940 8,455
representative of
the interest
factor
- --------------------------------------------------------------------------------------------
Fixed charges $26,444 $39,993 $42,316 $41,121 $38,321 $39,379
- --------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------
Ratio of earnings 1.48 1.66 1.08 -- 2.35 1.97
to fixed charges
(1)
- --------------------------------------------------------------------------------------------
<FN>
(1) For the year ended December 31, 1990, earnings were insufficient to cover
fixed charges. The coverage deficiency was $48,493.