. . . Exhibit 12.1 U.S. Can Corporation and Subsidiaries Computation of Ratio of Earnings to Fixed Charges Pro Forma Six Months For the Ended Six Months Ended As of and for the Fiscal Year Ended ---------- ------------------- December 31, June 29, June 29, June 30, --------------------------------------------- 2003 2003 2002 2002 2001 2000 1999 1998 ---------- -------- -------- ------ ------ ------ ------ ------ Pretax Income (7.6) (2.2) (5.2) (15.9) (63.4) (16.5) 35.0 (13.2) Add: Fixed Charges 40.2 34.8 34.2 68.3 70.1 45.9 32.1 37.8 Less: Preferred Stock Dividend Requirements of majority owned unconsolidated subsidiaries 4.1 4.1 3.7 7.7 7.0 1.6 - - ---- ---- ---- ---- ----- ---- ---- ----- Total 28.5 28.5 25.3 44.7 (0.3) 27.8 67.1 24.6 ==== ==== ==== ==== ===== ==== ==== ===== Fixed Charges Total Interest, including capitalized interest and amortization of deferred financing costs 33.7 28.3 27.9 55.4 57.3 40.5 29.9 35.0 Rental Expense representative of an interest factor 2.4 2.4 2.6 5.2 5.8 3.8 2.2 2.8 Preferred Stock Dividend Requirements of majority owned unconsolidated subsidiaries 4.1 4.1 3.7 7.7 7.0 1.6 - - ---- ---- ---- ---- ----- ---- ---- ----- Total Fixed Charges 40.2 34.8 34.2 68.3 70.1 45.9 32.1 37.8 ==== ==== ==== ==== ===== ==== ==== ===== Ratio of Earnings to Fixed Charges 0.7 0.8 0.7 0.7 0.0 0.6 2.1 0.7 ---- ---- ---- ---- ----- ---- ---- -----