New Horizon Aircraft (New Horizon Aircraft) Accumulated Depreciation : $-0.04 Mil (As of May. 2023)

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What is New Horizon Aircraft Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

New Horizon Aircraft's quarterly accumulated depreciation declined from . 20 ($0.00 Mil) to May. 2022 ($-0.02 Mil) but then increased from May. 2022 ($-0.02 Mil) to May. 2023 ($-0.04 Mil).

New Horizon Aircraft's annual accumulated depreciation declined from . 20 ($0.00 Mil) to May. 2022 ($-0.02 Mil) but then increased from May. 2022 ($-0.02 Mil) to May. 2023 ($-0.04 Mil).

New Horizon Aircraft Accumulated Depreciation Historical Data

The historical data trend for New Horizon Aircraft's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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New Horizon Aircraft Accumulated Depreciation Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Accumulated Depreciation

-0.02

-0.04

New Horizon Aircraft Semi-Annual Data
	May22	May23
Accumulated Depreciation	-0.02	-0.04

New Horizon Aircraft Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

New Horizon Aircraft Accumulated Depreciation Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Accumulated Depreciation

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Traded in Other Exchanges

N/A

Address

3187 Highway 35, Lindsay, ON, CAN, K9V 4R1

Website

New Horizon Aircraft Ltd is an advanced aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its unique aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

New Horizon Aircraft (New Horizon Aircraft) Headlines

From GuruFocus

Horizon Aircraft Provides Corporate Update

By Marketwired • 04-16-2024