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New Horizon Aircraft (New Horizon Aircraft) Total Stockholders Equity : $-0.31 Mil (As of May. 2023)


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What is New Horizon Aircraft Total Stockholders Equity?

New Horizon Aircraft's Total Stockholders Equity for the quarter that ended in May. 2023 was $-0.31 Mil. It refers to the net assets owned by shareholders. It does not include minority interest.

Total Stockholders Equity is used to calculate Book Value per Share. New Horizon Aircraft's Book Value per Share for the quarter that ended in May. 2023 was $-0.02. The ratio of a company's debt over equity can be used to measure how leveraged this company is. New Horizon Aircraft's Debt-to-Equity for the quarter that ended in May. 2023 was -3.88.

New Horizon Aircraft Total Stockholders Equity Historical Data

The historical data trend for New Horizon Aircraft's Total Stockholders 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.

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New Horizon Aircraft Total Stockholders Equity Chart

New Horizon Aircraft Annual Data
Trend May22 May23
Total Stockholders Equity
-0.99 -0.31

New Horizon Aircraft Semi-Annual Data
May22 May23
Total Stockholders Equity -0.99 -0.31

New Horizon Aircraft  (NAS:HOVR) Total Stockholders Equity Explanation

1. Total Stockholders Equity is used to calculate Book Value per Share.

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

Book Value per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(-0.306-0)/16.693
=-0.02

2. The ratio of a company's debt over equity can be used to measure how leveraged this company is.

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

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 Total Stockholders Equity 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 Stockholders Equity
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Address
3187 Highway 35, Lindsay, ON, CAN, K9V 4R1
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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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