Abercrombie & Fitch 2008 Annual Report Download - page 146

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Exhibit 12
ABERCROMBIE & FITCH CO.
Computation of Leverage Ratio and Coverage Ratio
January 31, 2009
Leverage Ratio Calculation:
Adjusted Total Debt (1) 1,990,762
Consolidated EBITDAR (2) 934,775
Leverage Ratio 2.13
Coverage Ratio Calculation:
Consolidated EBITDAR (2) 934,775
Net Interest Expense + Long
Term Debt due in One Year +
Minimum Rent + Contingent Rent 268,109
Coverage Ratio 3.49
(1) Adjusted Total Debt includes long-term debt, outstanding standby letters of credit and 600% of forward minimum rent
commitments.
(2) Consolidated EBITDAR includes consolidated net income, interest expense, income tax expense, depreciation and amortization,
minimum rent, contingent rent, non-cash compensation charges and interest income.
Source: ABERCROMBIE & FITCH CO /DE/, 10-K, March 27, 2009 Powered by Morningstar® Document Research℠