JPS TEXTILE GROUP, INC. Exhibit 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In thousands) Fiscal Year Ended Three Months Ended --------------------------------------------------------- --------------------- 11/03/90 11/02/91 10/31/92 10/30/93 10/29/94 01/29/94 01/28/95 (53 Weeks) (52 Weeks) (52 Weeks) (52 Weeks) (52 Weeks) (13 Weeks) (13 Weeks) ---------- ---------- ---------- ---------- ---------- ---------- ---------- Earnings: Loss before income taxes, discontinued operations, extraordinary items and cumulative effects of accounting changes per consolidated statements of operations $ (41,313) $ (48,649) $ (25,186) $ (37,595) $ (35,321) $(13,018) $(5,398) Add: Interest on indebtedness 56,449 44,722 41,473 49,988 45,002 12,564 7,643 Interest accretion and debt issuance cost amortization 24,431 25,111 18,805 12,208 11,450 2,922 2,422 Portion of rents representative of the interest factor 921 1,137 1,320 1,198 1,347 321 351 ---------- --------- --------- --------- --------- -------- -------- Total earnings $ 40,488 $ 22,321 $ 36,412 $ 25,799 $ 22,478 $ 2,789 $ 5,018 ========== ========= ========= ========= ========= ======== ======== Fixed Charges: Interest on indebtedness 56,449 44,722 41,473 49,988 45,002 12,564 7,643 Interest accretion and debt issuance cost amortization 24,431 25,111 18,805 12,208 11,450 2,922 2,422 Portion of rents representative of the interest factor 921 1,137 1,320 1,198 1,347 321 351 ---------- --------- --------- --------- --------- -------- -------- Total fixed charges $ 81,801 $ 70,970 $ 61,598 $ 63,394 $ 57,799 $15,807 $10,416 ========== ========= ========= ========= ========= ======== ======== Ratio of earnings to fixed charges - - - - - - - ========== ========= ========= ========= ========= ======== ======== Deficiency of earnings to cover fixed charges $ 41,313 $ 48,649 $ 25,186 $ 37,595 $ 35,321 $13,018 $ 5,398 ========== ========= ========= ========= ========= ======== ========