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<PAGE> 1
EXHIBIT 12
THE SCOTTS COMPANY
STATEMENT OF COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
($ IN MILLIONS)
<TABLE>
<CAPTION>
Six Months
Year ended September 30, ended
--------------------------------------------- April 1,
1995 1996 1997 1998 1999 2000
---- ---- ---- ---- ---- ----------
<S> <C> <C> <C> <C> <C> <C>
Earnings:
Pretax income from continuing
operations $36.3 $ 1.3 $69.6 $61.9 $117.0 $ 57.2
Interest expense 24.6 25.0 25.2 32.2 79.1 49.6
Interest factor on rents 4.9 4.6 4.1 4.5 6.1 3.2
Losses incurred by majority-
owned subsidiaries not
recorded -- -- -- (0.5) (0.2) --
----- ----- ----- ----- ------ ------
$65.8 $30.9 $98.9 $98.1 $202.0 $110.0
===== ===== ===== ===== ====== ======
Fixed charges:
Interest expense $24.6 $25.0 $25.2 $32.2 $ 79.1 $ 49.6
Interest capitalized 0.2 -- 0.4 0.8 1.0 0.7
----- ----- ----- ----- ------ ------
Interest incurred 24.8 25.0 25.6 33.0 80.1 50.3
----- ----- ----- ----- ------ ------
Rent expense 14.7 14.0 12.3 13.5 18.5 9.6
Estimated interest factor 33% 33% 33% 33% 33% 33%
----- ----- ----- ----- ------ ------
Interest factor on rents 4.9 4.6 4.1 4.5 6.1 3.2
----- ----- ----- ----- ------ ------
Total fixed charges $29.7 $29.6 $29.7 $37.5 $ 86.2 $ 53.5
===== ===== ===== ===== ====== ======
Ratio of earnings to fixed charges 2.2 1.0 3.3 2.6 2.3 2.1
===== ===== ===== ===== ====== ======
</TABLE>
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