##### 



Exhibit 12 STEWART ENTERPRISES, INC.
AND SUBSIDIARIES Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands) (Unaudited) Three MonthsEndedJanuary 31,
    
    
    Years Ended October 31,2005
    
    
    2004
    
    
    2003
    
    
    2002
    
    
    2001
    
    
    2000Earnings (loss) from operations
before income taxes
    
    $
    15,334
    (2)
    
    $
    68,428
    (3)
    
    $
    (44,757
    )(4)
    
    $
    47,882
    (5)
    
    $
    (197,427
    )(6)(7)
    
    $
    103,699Fixed charges:Interest charges (1)
    
    
    10,389
    
    
    
    47,735
    
    
    
    53,797
    
    
    
    62,655
    
    
    
    64,235
    
    
    
    62,748Interest portion of lease expense
    
    
    392
    
    
    
    1,918
    
    
    
    1,933
    
    
    
    2,258
    
    
    
    2,882
    
    
    
    3,379Total fixed charges
    
    
    10,781
    
    
    
    49,653
    
    
    
    55,730
    
    
    
    64,913
    
    
    
    67,117
    
    
    
    66,127Earnings (loss) from operations before
income taxes and fixed charges, less
capitalized interest
    
    $
    26,102
    (2)
    
    $
    117,681
    (3)
    
    $
    10,654
    (4)
    
    $
    112,479
    (5)
    
    $
    (130,973
    )(6)(7)
    
    $
    168,472Ratio of earnings to fixed charges
    
    
    2.42
    (2)
    
    
    2.37
    (3)
    
    
    
    (4)
    
    
    1.73
    (5)
    
    
    
    (6)(7)
    
    
    2.55
   (1)
    
    Includes capitalized interest expense of $13 for the three months ended January 31,
2005 and $400, $319, $316, $663 and $1,354 for 2004, 2003, 2002, 2001 and 2000, respectively.(2)
    
    Includes $331 of gains on dispositions, net of impairment losses and a charge of
$2,651 for the loss on early extinguishment of debt.(3)
    
    Includes a charge of $3,435 for severance and other costs related to workforce
reductions announced in December 2003 and separation payments to a former executive officer,
and $353 of gains on dispositions, net of impairment losses.(4)
    
    Includes a charge of $11,289 for the loss on early extinguishment of debt recorded
in connection with the redemption of the Remarketable Or Redeemable Securities, a noncash
charge of $73,000 recorded in connection with goodwill impairment, a noncash charge of $9,316
recorded in connection with long-lived asset impairment and $2,450 of separation payments to
former executive officers. As a result of these charges, the Companys earnings for fiscal
year 2003 were insufficient to cover its fixed charges, and an additional $45,076 in pretax
earnings would have been required to eliminate the coverage deficiency.(5)
    
    Includes a noncash charge of $18,500 recorded in connection with the write-down of
assets held for sale.(6)
    
    Excludes cumulative effect of change in accounting principles of $250,004 (net of a
$166,669 income tax benefit).(7)
    
    Includes a noncash charge of $269,158 recorded in connection with the write-down of
assets held for sale and other charges and a charge of $9,120 for the loss on early
extinguishment of debt. As a result of these charges, the Companys earnings for fiscal year
2001 were insufficient to cover its fixed charges, and an additional $198,090 in pretax
earnings would have been required to eliminate the coverage deficiency. During the periods presented, the Company had no preferred stock outstanding. Therefore, the
ratio of earnings to combined fixed charges and preference dividends was the same as the ratio of
earnings to fixed charges for each of the periods presented. 69