1 EXHIBIT 12.1 HEAFNER TIRE GROUP, INC. STATEMENT REGARDING: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS (UNAUDITED) (AMOUNTS IN THOUSANDS, EXCEPT RATIO AMOUNTS) 3 MONTHS 3 MONTHS 6 MONTHS 6 MONTHS ENDED ENDED ENDED ENDED JULY 01, 2000 JUNE 30, 1999 JULY 01, 2000 JUNE 30, 1999 ------------- ------------- ------------- ------------- Consolidated pretax income (loss) from continuing operations....................... $(4,001) $2,052 $(8,064) $ (1) Interest...................................... 6,147 5,575 11,976 10,687 Interest portion of rent expense.............. 2,946 2,201 5,434 4,503 ------- ------ ------- ------- EARNINGS...................................... $ 5,092 $9,828 $ 9,346 $15,189 ======= ====== ======= ======= Interest...................................... $ 6,147 $5,575 $11,976 $10,687 Interest portion of rent expense.............. 2,946 2,201 5,434 4,503 ------- ------ ------- ------- FIXED CHARGES................................. $ 9,093 $7,776 $17,410 $15,190 ======= ====== ======= ======= RATIO OF EARNINGS TO FIXED CHARGES............ -- 1.26 -- -- ======= ====== ======= =======