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New Horizon Aircraft (New Horizon Aircraft) Total Current Assets : $0.18 Mil (As of May. 2023)


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What is New Horizon Aircraft Total Current Assets?

Total current assets includes Cash, Cash Equivalents, Marketable Securities, Total Receivables, Total Inventories, and Other Current Assets. New Horizon Aircraft's total current assets for the quarter that ended in May. 2023 was $0.18 Mil.

New Horizon Aircraft Total Current Assets Historical Data

The historical data trend for New Horizon Aircraft's Total Current 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 Total Current Assets Chart

New Horizon Aircraft Annual Data
Trend May22 May23
Total Current Assets
0.01 0.18

New Horizon Aircraft Semi-Annual Data
May22 May23
Total Current Assets 0.01 0.18

New Horizon Aircraft Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

New Horizon Aircraft's Total Current Assets for the fiscal year that ended in May. 2023 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.169+0.011+0+0.00099999999999997
=0.18

New Horizon Aircraft's Total Current Assets for the quarter that ended in May. 2023 is calculated as

Total Current Assets=Cash, Cash Equivalents, Marketable Securities+Total Receivables+Total Inventories+Other Current Assets
=0.169+0.011+0+0.00099999999999997
=0.18

* 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.

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

New Horizon Aircraft  (NAS:HOVR) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

New Horizon Aircraft's Liquidation Value for the quarter that ended in May. 2023 is

Liquidation value
= Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.169-1.35+0.75 * 0.011+0.5 * 0
=-1.17

* 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 Total Current Assets Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

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

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