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New Horizon Aircraft (New Horizon Aircraft) Debt-to-Equity : -3.88 (As of May. 2023)


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What is New Horizon Aircraft Debt-to-Equity?

New Horizon Aircraft's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was $0.94 Mil. New Horizon Aircraft's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was $0.25 Mil. New Horizon Aircraft's Total Stockholders Equity for the quarter that ended in May. 2023 was $-0.31 Mil. New Horizon Aircraft's debt to equity for the quarter that ended in May. 2023 was -3.88.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for New Horizon Aircraft's Debt-to-Equity or its related term are showing as below:

HOVR' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.88   Med: -2.82   Max: -1.77
Current: -3.88

During the past 2 years, the highest Debt-to-Equity Ratio of New Horizon Aircraft was -1.77. The lowest was -3.88. And the median was -2.82.

HOVR's Debt-to-Equity is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.44 vs HOVR: -3.88

New Horizon Aircraft Debt-to-Equity Historical Data

The historical data trend for New Horizon Aircraft's Debt-to-Equity 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.

* Premium members only.

New Horizon Aircraft Debt-to-Equity Chart

New Horizon Aircraft Annual Data
Trend May22 May23
Debt-to-Equity
-1.77 -3.88

New Horizon Aircraft Semi-Annual Data
May22 May23
Debt-to-Equity -1.77 -3.88

Competitive Comparison of New Horizon Aircraft's Debt-to-Equity

For the Aerospace & Defense subindustry, New Horizon Aircraft's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Aerospace & Defense Industry

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

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


New Horizon Aircraft Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Horizon Aircraft's Debt to Equity Ratio for the fiscal year that ended in May. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0.938 + 0.249) / -0.306
=-3.88

New Horizon Aircraft's Debt to Equity Ratio for the quarter that ended in May. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0.938 + 0.249) / -0.306
=-3.88

* 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.

New Horizon Aircraft  (NAS:HOVR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

New Horizon Aircraft Debt-to-Equity 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 » Debt-to-Equity
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

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