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EXHIBIT 12
THOMAS & BETTS CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
For The Years Ended
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December 31, January 1, January 2, December 31, December 31,
1995 1995 1994 1992 1991
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Earnings from continuing operations
before income taxes $117,170 $ 494 $59,942 $52,983 $55,465
Add:
Interest on indebtedness 28,299 26,852 30,247 33,405 12,752
Amortization of debt expense 1,364 1,133 1,062 2,538 0
Portion of rents representative of
the interest factor 7,920 7,377 7,011 6,515 3,816
Deduct: Interest capitalized and
undistributed earnings from less
than 50 percent owned persons (2,848) (1,863) - - (376)
-------- ------- ------- ------- -------
Earnings as adjusted $151,905 $33,993 $98,262 $95,441 $71,657
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Fixed charges:
Interest on indebtedness 28,299 $26,852 $30,247 $33,405 $12,752
Amortization of debt expense 1,364 1,133 1,062 2,538 -
Portion of rents representative of
the interest factor 7,920 7,377 7,011 6,515 3,816
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Total fixed charges $ 37,583 $35,362 $38,320 $42,458 $16,568
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Ratio of earnings to fixed charges 4.0x .96x 2.6x 2.2x 4.3x
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The ratio for the year ended January 1, 1995 of .96x was inadequate to cover
fixed charges by $1,369. This was due to a provision for restructured
operations of $79,011 provided in the third quarter of 1994.
EX12-1