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,
	2016			2015		2014			2013		2012
Income (loss) from continuing operations before income taxes	(470		)	132		(231		)	394		215
Interest expense	630			600		636			654		581
Portion of rent estimated to represent the interest factor	155			193		206			201		140
Earnings before income taxes and fixed charges	$	315		$	925	$	611		$	1,249	$	936
Interest expense (including capitalized interest)	$	630		$	600	$	638		$	657	$	585
Portion of rent estimated to represent the interest factor	155			193		206			201		140
Fixed charges	$	785		$	793	$	844		$	858	$	725
Ratio of earnings to fixed charges	(a)			1.2		(a)			1.5		1.3

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

Hertz

	Years ended December 31,
	2016			2015		2014			2013		2012
Income (loss) from continuing operations before income taxes	(469		)	132		(231		)	394		215
Interest expense	630			600		636			654		581
Portion of rent estimated to represent the interest factor	155			193		206			201		140
Earnings before income taxes and fixed charges	$	316		$	925	$	611		$	1,249	$	936
Interest expense (including capitalized interest)	$	630		$	600	$	638		$	657	$	585
Portion of rent estimated to represent the interest factor	155			193		206			201		140
Fixed charges	$	785		$	793	$	844		$	858	$	725
Ratio of earnings to fixed charges	(a)			1.2		(a)			1.5		1.3

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