New Horizon Aircraft (New Horizon Aircraft) Total Liabilities : $1.35 Mil (As of May. 2023)

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What is New Horizon Aircraft Total Liabilities?

New Horizon Aircraft's Total Liabilities for the quarter that ended in May. 2023 was $1.35 Mil.

New Horizon Aircraft's quarterly Total Liabilities increased from . 20 ($0.00 Mil) to May. 2022 ($1.90 Mil) but then declined from May. 2022 ($1.90 Mil) to May. 2023 ($1.35 Mil).

New Horizon Aircraft's annual Total Liabilities increased from . 20 ($0.00 Mil) to May. 2022 ($1.90 Mil) but then declined from May. 2022 ($1.90 Mil) to May. 2023 ($1.35 Mil).

New Horizon Aircraft Total Liabilities Historical Data

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

New Horizon Aircraft Annual Data

Trend

May22

May23

Total Liabilities

1.90

1.35

New Horizon Aircraft Semi-Annual Data
	May22	May23
Total Liabilities	1.90	1.35

New Horizon Aircraft Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

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

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1.101	+	(0.249	+	1.1102230246252E-16
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	1.35

Total Liabilities	=	Total Assets (A: May. 2023 )	-	Total Equity (A: May. 2023 )
	=	1.045	-	-0.306
	=	1.35

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

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	1.101	+	(0.249	+	1.1102230246252E-16
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	1.35

Total Liabilities	=	Total Assets (Q: May. 2023 )	-	Total Equity (Q: May. 2023 )
	=	1.045	-	-0.306
	=	1.35

New Horizon Aircraft Total Liabilities 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 » Total Liabilities

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