Exhibit 12.1 Breed Technologies, Inc. Ratio of Earnings to Fixed Charges (In millions, except ratios) Six Months Fiscal Year Ended June 30, Ended ---------------------------------- ------------ Pro Forma Fiscal Year Ended June 30, December 31, 1994 1995 1996 1997 1998 1998 1998 ----- ------ ------ ----- ------- ----------------- ------------ Earnings Computation: Pre-tax earnings (losses) from continuing operations............ $73.0 $110.1 $ 98.3 $29.7 $(408.8) $(416.5) $(52.4) Add: fixed charges..... 1.4 1.2 3.0 29.4 89.4 86.4 44.5 Subtract: capitalized interest.............. -- -- -- (0.1) (0.1) -- -- ----- ------ ------ ----- ------- ------- ------ Total earnings as adjusted............... $74.4 $111.3 $101.3 $59.0 $(319.5) $(330.1) $ (7.9) ===== ====== ====== ===== ======= ======= ====== Fixed Charges Computa- tion: Interest expensed...... $ 1.1 $ 0.8 $ 2.7 $26.8 $ 68.9 $ 79.5 $ 40.9 Capitalized interest... -- -- -- 0.1 0.1 -- -- Amortization of de- ferred financing costs................. -- -- -- 0.7 16.8 3.3 1.8 Estimated interest factor on operating leases................ 0.3 0.4 0.3 1.8 3.6 3.6 1.8 ----- ------ ------ ----- ------- ------- ------ Total fixed charges..... $ 1.4 $ 1.2 $ 3.0 $29.4 $ 89.4 $ 86.4 $ 44.5 ===== ====== ====== ===== ======= ======= ====== Ratio of earnings to fixed charges.......... 53.1 92.7 33.8 2.0 -- -- -- ===== ====== ====== ===== ======= ======= ====== Insufficiency of earnings to cover fixed charges................ $(408.9) $(416.5) $(52.4) ======= ======= ======