Enova International (ENVA) S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

	For the years ended December 31,
	2014			2013			2012			2011			2010
Earnings:
Net income before income taxes	$	176,499		$	121,632		$	92,839		$	58,382		$	39,004
Fixed charges		39,697			20,701			21,782			18,164			15,774
Total earnings	$	216,196		$	142,333		$	114,621		$	76,546		$	54,778
Fixed charges:
Interest expense	$	38,474		$	19,788		$	20,996		$	17,420		$	15,209
Portion of rent expense representative of interest		1,223			913			786			744			565
Total fixed charges	$	39,697		$	20,701		$	21,782		$	18,164		$	15,774
Ratio of earnings to fixed charges (1)		5.4	x		6.9	x		5.3	x		4.2	x		3.5	x

⁽¹⁾  For purposes of computing these ratios, “earnings” represent income before income taxes plus fixed charges. “Fixed charges” consist of interest expense and one-third (the portion deemed representative of the interest factor) of rental expense on operating leases.