Exhibit 12.01

Flextronics International Ltd.

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

	Fiscal Year Ended March 31,													Six Months Ended
	2011			2012			2013			2014		2015		September 25, 2015
	($’s in thousands)
Calculation of Earnings:
Income from continuing operations	$	612,261		$	520,770		$	302,502		$	365,594	$	600,801	$	233,827
Provision for income taxes	22,049			53,960			26,313			34,860		69,854		25,069
Income from continuing operations before income taxes	$	634,310		$	574,730		$	328,815		$	400,454	$	670,655	$	258,896
Plus:
Fixed charges	$	95,736		$	72,757		$	73,414		$	85,394	$	81,062	$	47,659
Capitalized interest	(1,036		)	(78		)	(87		)	—		—		—
Distributed income of equity investees	56			108			63			80		22		2,047
Amortization of previously capitalized interest	894			1,053			1,065			1,079		1,079		539
Total earnings	$	729,960		$	648,570		$	403,270		$	487,007	$	752,818	$	309,141
Calculation of Fixed Charges:
Interest on all indebtedness and amortization of debt discount and expense	$	81,297		$	60,117		$	58,790		$	75,288	$	72,507	$	43,107
Capitalized interest	1,036			78			87			—		—		—
Discount, premium and capitalized expenses related to Indebtedness	7,403			7,667			10,112			4,562		3,870		2,098
Interest factor attributable to rentals	6,000			4,895			4,425			5,544		4,685		2,454
Total Fixed Charges	$	95,736		$	72,757		$	73,414		$	85,394	$	81,062	$	47,659
Ratio of Earnings to Fixed Charges	7.6x			8.9x			5.5x			5.7x		9.3x		6.5x