1 Exhibit 12.1 LITCHFIELD FINANCIAL CORPORATION RATIO OF EARNINGS TO FIXED CHARGES YEAR ENDED DECEMBER 31, ----------------------------------------------------- 1994 1995 1996 1997 1998 ---- ---- ---- ---- ---- INCOME BEFORE INCOME TAXES AND EXTRAORDINARY ITEM 4318 5515 8574 10737 14369 INTEREST EXPENSE 3158 6138 7197 10675 14265 ---- ----- ----- ----- ----- TOTAL 7476 11653 15771 21412 28634 ==== ===== ===== ===== ===== TOTAL 7476 11653 15771 21412 28634 ---- ----- ----- ----- ----- INTEREST EXPENSE 3158 6138 7197 10675 14265 RATIO OF EARNINGS TO FIXED CHARGES 2.37 1.90 2.19 2.01 2.01 ==== ===== ===== ===== =====