New Horizon Aircraft (New Horizon Aircraft) Capex-to-Revenue : 0.00 (As of May. 2023)

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What is New Horizon Aircraft Capex-to-Revenue?

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.

New Horizon Aircraft's Capital Expenditure for the six months ended in May. 2023 was $-0.06 Mil. Its Revenue for the six months ended in May. 2023 was $0.00 Mil.

GuruFocus do not calculate Capex-to-Revenue if the revenue is negative.

New Horizon Aircraft Capex-to-Revenue Historical Data

The historical data trend for New Horizon Aircraft's Capex-to-Revenue 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 Capex-to-Revenue Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Capex-to-Revenue

New Horizon Aircraft Semi-Annual Data
	May22	May23
Capex-to-Revenue	-	-

Competitive Comparison of New Horizon Aircraft's Capex-to-Revenue

For the Aerospace & Defense subindustry, New Horizon Aircraft's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Horizon Aircraft's Capex-to-Revenue Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Capex-to-Revenue distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Capex-to-Revenue falls into.

New Horizon Aircraft Capex-to-Revenue Calculation

New Horizon Aircraft's Capex-to-Revenue for the fiscal year that ended in May. 2023 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (-0.057)	/	0
	=	N/A

New Horizon Aircraft's Capex-to-Revenue for the quarter that ended in May. 2023 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (-0.057)	/	0
	=	N/A

New Horizon Aircraft (NAS:HOVR) Capex-to-Revenue Explanation

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.

New Horizon Aircraft Capex-to-Revenue 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 » Capex-to-Revenue

Comparable Companies

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