Exhibit 12.1
The TJX Companies, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
— Fiscal Year Ended — | ||||||||||||||||||||
1/30/2009 | 1/26/2008 | 1/27/2007 | 1/28/2006 | 1/29/2005 | ||||||||||||||||
Income from continuing operations: | $ | 914.9 | $ | 782.4 | $ | 787.2 | $ | 706.7 | $ | 620.8 | ||||||||||
Add Back: | ||||||||||||||||||||
Taxes | 536.0 | 477.7 | 477.0 | 329.7 | 386.2 | |||||||||||||||
Interest expense | 36.5 | 39.1 | 39.2 | 39.0 | 33.5 | |||||||||||||||
Interest portion of rent expense | 281.0 | 262.7 | 244.9 | 226.4 | 208.4 | |||||||||||||||
A) Income before taxes and fixed charges | $ | 1,768.4 | $ | 1,561.9 | $ | 1,548.3 | $ | 1,301.8 | $ | 1,248.9 | ||||||||||
Fixed charges | ||||||||||||||||||||
Capitalized Interest | $ | 1.6 | $ | 0.8 | — | — | — | |||||||||||||
Interest expense | 36.5 | 39.1 | 39.2 | 39.0 | 33.5 | |||||||||||||||
Interest portion of rent expense | 281.0 | 262.7 | 244.9 | 226.4 | 208.4 | |||||||||||||||
B) Fixed charges | $ | 319.1 | $ | 302.6 | $ | 284.1 | $ | 265.4 | $ | 241.9 | ||||||||||
Ratio of earnings to fixed charges (A/B) | 5.54 | X | 5.16 | X | 5.45 | X | 4.90 | X | 5.16 | X | ||||||||||