EXHIBIT 12.1
SUPERMARKETS GENERAL HOLDINGS CORPORATION
STATEMENTS REGARDING COMPUTATION OF RATIO
OF EARNINGS TO FIXED CHARGES
(in thousands)
Fiscal Years
--------------------------------------------------------------
1999 1998 1997 1996 1995
---- ---- ---- ---- ----
Earnings (loss) before taxes .. $ (29,798) $ (28,073) $ (47,295) $ (36,870) $ 48,944
--------- --------- --------- --------- ---------
Fixed charges:
Interest expense .......... 163,117 161,325 166,780 164,118 170,969
Interest portion of rental
expense(1) .............. 12,916 12,501 12,131 10,973 10,596
--------- --------- --------- --------- ---------
Total fixed charges .. 176,033 173,826 178,911 175,091 181,565
--------- --------- --------- --------- ---------
Adjusted earnings before
fixed charges ............... $ 146,235 $ 145,753 $ 131,616 $ 138,221 $ 230,509
========= ========= ========= ========= =========
Ratio of earnings to fixed
charges(2) .................. -- -- -- -- 1.27x
========= ========= ========= ========= =========
Deficiency in earnings
available to cover fixed
charges ..................... $ 29,798 $ 28,073 $ 47,295 $ 36,870 $ --
========= ========= ========= ========= =========
- ---------
(1) Represents the portion of rentals deemed representative of the
interest included therein.
(2) For Fiscal 1995, the inclusion of preferred stock dividend
requirements results in a ratio of earnings to fixed charges and
preferred stocks dividends of 1.10x.