New Horizon Aircraft (New Horizon Aircraft) Scaled Net Operating Assets : 0.79 (As of May. 2023)

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What is New Horizon Aircraft Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New Horizon Aircraft's operating assets for the quarter that ended in May. 2023 was $0.88 Mil. New Horizon Aircraft's operating liabilities for the quarter that ended in May. 2023 was $0.16 Mil. New Horizon Aircraft's Total Assets for the quarter that ended in May. 2022 was $0.91 Mil. Therefore, New Horizon Aircraft's scaled net operating assets (SNOA) for the quarter that ended in May. 2023 was 0.79.

New Horizon Aircraft Scaled Net Operating Assets Historical Data

The historical data trend for New Horizon Aircraft's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Scaled Net Operating Assets

0.84

0.79

New Horizon Aircraft Semi-Annual Data
	May22	May23
Scaled Net Operating Assets	0.84	-

Competitive Comparison of New Horizon Aircraft's Scaled Net Operating Assets

For the Aerospace & Defense subindustry, New Horizon Aircraft's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Scaled Net Operating Assets falls into.

New Horizon Aircraft Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

New Horizon Aircraft's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: May. 2023 )
=	(Operating Assets (A: May. 2023 )	-	Operating Liabilities (A: May. 2023 ))	/	Total Assets (A: May. 2022 )
=	(0.876	-	0.163)	/	0.905
=	0.79

where

	Operating Assets		(A: May. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.045	-	0.169
=	0.876

	Operating Liabilities		(A: May. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.35	-	0.249	-	0.938
=	0.163

New Horizon Aircraft's Scaled Net Operating Assets (SNOA) for the quarter that ended in May. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: May. 2023 )
=	(Operating Assets (Q: May. 2023 )	-	Operating Liabilities (Q: May. 2023 ))	/	Total Assets (Q: May. 2022 )
=	(0.876	-	0.163)	/	0.905
=	0.79

where

	Operating Assets		(Q: May. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	1.045	-	0.169
=	0.876

	Operating Liabilities		(Q: May. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.35	-	0.249	-	0.938
=	0.163

New Horizon Aircraft Scaled Net Operating Assets 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 » Scaled Net Operating Assets

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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