EXHIBIT 12.1 SCHEIN PHARMACEUTICAL, INC.: STATEMENT REGARDING COMPUTATION OF RATIOS NINE MONTHS YEAR ENDED DECEMBER ENDED SEPTEMBER ---------------------------------------- --------------- 1992 1993 1994 1995 1996 1996 1997 ------- ------- ------- ------- ------- ------- ------- Income (loss) before provision for income taxes.................. $32,198 $74,964 $21,796 $(4,418) $ 6,588 $ 5,719 $ 7,821 Fixed charges........... 3,359 2,890 3,108 11,717 25,515 17,465 21,903 ------- ------- ------- ------- ------- ------- ------- Total................... $35,557 $77,854 $24,904 $ 7,299 $32,103 $23,184 $29,724 ======= ======= ======= ======= ======= ======= ======= RATIO................... 10.59 26.94 8.01 x 1.26 1.33 1.36 Income before provision for income taxes re- quired to cover fixed charges................ x x x $ 4,418 x x x FIXED CHARGES: Interest expense........ $ 2,310 $ 1,572 $ 1,775 $ 9,255 $21,109 $14,949 $18,052 Amortization of debt ex- pense.................. 44 100 100 895 2,606 1,216 2,484 Rental expense represen- tative of the interest factor................. 1,005 1,218 1,233 1,567 1,800 1,300 1,367 ------- ------- ------- ------- ------- ------- ------- Total fixed charges..... $ 3,359 $ 2,890 $ 3,108 $11,717 $25,515 $17,465 $21,903 ======= ======= ======= ======= ======= ======= =======