EXHIBIT 12.1 ------------ BREED TECHNOLOGIES, INC. RATIO OF EARNINGS TO FIXED CHARGES (IN MILLIONS, EXCEPT PER RATIOS) Fiscal Years Ended June 30, --------------------------------------- 1994 1995 1996 1997 1998 ----- ----- ----- ----- ----- Earnings Computation Pre-tax earnings (losses) from continuing operations........ $73.0 $110.1 $ 98.3 $29.7 $(408.8) Add: Fixed charges............... 1.4 1.2 3.0 29.5 89.4 Subtract: Capitalized Interest... -- -- -- (0.1) (0.1) ----- ------ ------ ----- ------- Total Earnings as Adjusted.......... $74.4 $111.3 $101.3 $59.0 $(319.5) ===== ====== ====== ===== ======= Fixed Charges Computation Interest expensed................ 1.1 0.8 2.7 26.8 68.9 Capitalized interest............. - - - 0.1 0.1 Amortization of deferred financing costs.............. - - - 0.7 16.8 Estimated interest factor on operating leases.......... 0.3 0.4 0.3 1.8 3.6 ----- ------ ------ ----- ------- Total Fixed Charges................. $ 1.4 $ 1.2 $ 3.0 $29.5 $ 89.4 ===== ====== ====== ===== ======= Ratio of earnings to fixed charges.................... 52.3 92.7 33.8 2.0 (---) ===== ====== ====== ===== ======= Insufficiency of earnings to cover fixed charges.............. $(408.9) ======= -5-