Exhibit 12.1

HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES

THE HERTZ CORPORATION AND SUBSIDIARIES

COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS

TO FIXED CHARGES

(UNAUDITED)

(In millions, except ratios)

Hertz Global

	Years ended December 31,
	2017			2016			2015		2014			2013
Income (loss) from continuing operations before income taxes	$	(575	)	$	(470	)	$	132	$	(231	)	$	394
Interest expense	642			630			600		636			654
Portion of rent estimated to represent the interest factor	204			155			193		206			201
Earnings before income taxes and fixed charges	$	271		$	315		$	925	$	611		$	1,249
Interest expense (including capitalized interest)	$	644		$	630		$	600	$	638		$	657
Portion of rent estimated to represent the interest factor	204			155			193		206			201
Fixed charges	$	848		$	785		$	793	$	844		$	858
Ratio of earnings to fixed charges	(a)			(a)			1.2		(a)			1.5

(a) Earnings before income taxes and fixed charges for the years ended December 31, 2017, December 31, 2016 and December 31, 2014 were inadequate to cover fixed charges for the period by $577 million, $470 million and $233 million, respectively.

Hertz

	Years ended December 31,
	2017			2016			2015		2014			2013
Income (loss) from continuing operations before income taxes	$	(570	)	$	(469	)	$	132	$	(231	)	$	394
Interest expense	637			630			600		636			654
Portion of rent estimated to represent the interest factor	204			155			193		206			201
Earnings before income taxes and fixed charges	$	271		$	316		$	925	$	611		$	1,249
Interest expense (including capitalized interest)	$	639		$	630		$	600	$	638		$	657
Portion of rent estimated to represent the interest factor	204			155			193		206			201
Fixed charges	$	843		$	785		$	793	$	844		$	858
Ratio of earnings to fixed charges	(a)			(a)			1.2		(a)			1.5

(a) Earnings before income taxes and fixed charges for the years ended December 31, 2017, December 31, 2016 and December 31, 2014 were inadequate to cover fixed charges for the period by $572 million, $469 million and $233 million respectively.