This page describes fundamental and advanced issues associated with the Loan Life Coverage Ratio (LLCR) and the project life coverage ration (PLCR) in project finance.  The LLCR and PLCR ratios can  be used to assess break-even but using different definitions as to what constitutes break-even from the standpoint of a lender and can be better … Continue reading LLCR and PLCR Complexities and Meaning for Break Even