. . . EXHIBIT 12.1 FEDDERS CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Three months Four months ended ended Year ended August 31, March 31, December 31, ----------------------------------------------- 2004 2003 2003 2002 2001 2000 1999 ----------- ------------ ------ ------ ------- ------ ------ Pre-tax income (loss) (7,561) (22,662) 13,020 2,976 (33,263) 30,474 30,989 Fixed Charges: Interest expense and amortization of debt discount and premium on all indebtedness 4,964 6,400 19,337 19,644 20,549 17,696 10,829 Interest component of rental expenses 96 128 658 598 653 549 504 Total fixed charges 5,060 6,528 19,995 20,242 21,202 18,245 11,333 Pre-tax income (loss) plus fixed charges (2,501) (16,134) 33,015 23,218 (12,061) 48,719 42,322 Ratio of earnings to fixed charges A A 1.7 1.1 A 2.7 3.7 (A) For the three months ended March 31,2004, earnings were insufficient to cover fixed charges by approximately $7,561. For the four months ended December 31, 2003, earnings were insufficient to cover fixed charges by approximately $22,662. For the year ended August 31, 2001, earnings were insufficient to cover fixed charges by approximately $33,263.