Exhibit 12
 STEWART ENTERPRISES, INC.
AND SUBSIDIARIES
 Calculation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
 (Unaudited)
 Three MonthsEnded
    
    
    Years Ended October 31,January 31, 2011
    
    
    2010
    
    
    2009
    
    
    2008
    
    
    2007
    
    
    2006Earnings from continuing operations
before income taxes
    
    $
    16,187
    (3)
    
    $
    44,507
    (4)
    
    $
    35,788
    (5)
    
    $
    12,814
    (6)
    
    $
    55,417
    (7)
    
    $
    58,561
    (8)Fixed charges:Interest charges (1)
    
    
    5,814
    
    
    
    24,679
    
    
    
    27,985
    
    
    
    29,943
    
    
    
    27,896
    
    
    
    30,203Interest portion of lease
expense (2)
    
    
    402
    
    
    
    1,518
    
    
    
    1,524
    
    
    
    1,428
    
    
    
    1,470
    
    
    
    1,604Total fixed charges
    
    
    6,216
    
    
    
    26,197
    
    
    
    29,509
    
    
    
    31,371
    
    
    
    29,366
    
    
    
    31,807Earnings from continuing operations
before income taxes and fixed
charges, less capitalized interest
    
    $
    22,325
    (3)
    
    $
    70,417
    (4)
    
    $
    65,088
    (5)
    
    $
    44,047
    (6)
    
    $
    83,825
    (7)
    
    $
    89,798
    (8)Ratio of earnings to fixed charges
    
    
    3.59
    (3)
    
    
    2.69
    (4)
    
    
    2.21
    (5)
    
    
    1.40
    (6)
    
    
    2.85
    (7)
    
    
    2.82
    (8)
 
 (1)
    
    Includes capitalized interest expense of $78, $287, $209, $138, $958 and $570 for
the three months ended January 31, 2011 and fiscal years 2010, 2009, 2008, 2007 and 2006,
respectively.(2)
    
    The interest portion of lease expense is one-third of total lease expense.(3)
    
    Includes a $50 charge for hurricane related expenses.(4)
    
    Includes a $1,035 pre-tax net loss on early extinguishment of debt due to fiscal
year 2010 debt repurchases.(5)
    
    Includes a $6,146 pre-tax net gain on early extinguishment of debt due to fiscal
year 2009 debt repurchases, a $3,421 charge related to the estimated probable funding
obligation to fund the cemetery perpetual care trust net realized losses, a $380 charge for
hurricane related expenses, a $275 charge for separation charges primarily related to the
retirement of an executive officer and ($218) of net impairment losses on dispositions.(6)
    
    Includes a charge of $2,297 for net expenses related to Hurricanes Katrina and Ike,
a charge of $25,952 related to impairment of goodwill, a $13,281 charge related to the
estimated probable obligation to fund the cemetery perpetual care trust net realized losses
and ($353) of net impairment losses on dispositions.(7)
    
    Includes a charge of $2,533 for net expenses related to Hurricane Katrina, a charge
of $580 for separation charges related to the July 2005 restructuring of the Companys
divisions and retirement of an executive officer, ($44) of net impairment losses on
dispositions and $677 for the loss on early extinguishment of debt related to the June 2007
senior convertible debt transaction.(8)
    
    Includes a net recovery of $1,628 related to Hurricane Katrina expenses, business
interruption insurance proceeds of $3,169 related to Hurricane Katrina, a charge of $991 for
separation charges related to the July 2005 restructuring of the Companys divisions and
retirement of an executive officer and ($153) of net impairment losses on dispositions.  54