New Horizon Aircraft (New Horizon Aircraft) Cash And Cash Equivalents : $0.17 Mil (As of May. 2023)

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What is New Horizon Aircraft Cash And Cash Equivalents?

New Horizon Aircraft's quarterly cash and cash equivalents increased from . 20 ($0.00 Mil) to May. 2022 ($0.00 Mil) and increased from May. 2022 ($0.00 Mil) to May. 2023 ($0.17 Mil).

New Horizon Aircraft's annual cash and cash equivalents increased from . 20 ($0.00 Mil) to May. 2022 ($0.00 Mil) and increased from May. 2022 ($0.00 Mil) to May. 2023 ($0.17 Mil).

New Horizon Aircraft Cash And Cash Equivalents Historical Data

The historical data trend for New Horizon Aircraft's Cash And Cash Equivalents 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 Cash And Cash Equivalents Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Cash And Cash Equivalents

0.17

New Horizon Aircraft Semi-Annual Data
	May22	May23
Cash And Cash Equivalents	-	0.17

New Horizon Aircraft Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

New Horizon Aircraft (NAS:HOVR) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

New Horizon Aircraft Cash And Cash Equivalents 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 » Cash And Cash Equivalents

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