EXHIBIT 12.1 Computation of Ratio of Earnings to Fixed Charges (Dollars in Thousands) American Seafoods Holdings LLC American Seafoods and Subsidiaries Corporation ------------------------------ ----------------- Pro Forma ----------------- Year Ended December 31, Year Ended ------------------------------ December 31, 2001 2002 2003 2003 ------ ------ ------ ----------------- Earnings (as calculated below) 53,102 62,568 59,364 59,076 Divided by Fixed Charges consisting of interest expense...................... 35,093 39,957 45,037 54,584 ------ ------ ------ ------ Ratio of earnings to fixed charges...................... 1.51 1.57 1.32 1.08 Calculation of Earnings: Income before income taxes.... 18,180 23,012 14,148 4,313 Minority Interest............. (171) (401) 179 179 Plus: Fixed charges consisting of interest expense...................... 35,093 39,957 45,037 54,584 ------- ------ ------ ------ 53,102 62,568 59,364 59,076 ======= ====== ====== ======