New Horizon Aircraft (New Horizon Aircraft) Interest Expense : $ Mil (TTM As of May. 2023)

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What is New Horizon Aircraft Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Horizon Aircraft's interest expense for the six months ended in May. 2023 was $ -0.06 Mil. New Horizon Aircraft does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in May. 2023.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. New Horizon Aircraft's Operating Income for the six months ended in May. 2023 was $ -0.80 Mil. New Horizon Aircraft's Interest Expense for the six months ended in May. 2023 was $ -0.06 Mil. New Horizon Aircraft did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Horizon Aircraft Interest Expense Historical Data

The historical data trend for New Horizon Aircraft's Interest Expense 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 Interest Expense Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Interest Expense

-0.06

New Horizon Aircraft Semi-Annual Data
	May22	May23
Interest Expense	-	-0.06

New Horizon Aircraft Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

New Horizon Aircraft (NAS:HOVR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Horizon Aircraft's Interest Expense for the six months ended in May. 2023 was $-0.06 Mil. Its Operating Income for the six months ended in May. 2023 was $-0.80 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in May. 2023 was $0.25 Mil.

New Horizon Aircraft's Interest Coverage for the quarter that ended in May. 2023 is calculated as

New Horizon Aircraft did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

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

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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