New Horizon Aircraft (New Horizon Aircraft) Equity-to-Asset : -0.29 (As of May. 2023)

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What is New Horizon Aircraft Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. New Horizon Aircraft's Total Stockholders Equity for the quarter that ended in May. 2023 was $-0.31 Mil. New Horizon Aircraft's Total Assets for the quarter that ended in May. 2023 was $1.05 Mil.

The historical rank and industry rank for New Horizon Aircraft's Equity-to-Asset or its related term are showing as below:

HOVR' s Equity-to-Asset Range Over the Past 10 Years
Min: -1.1 Med: -0.7 Max: -0.29
Current: -0.29

During the past 2 years, the highest Equity to Asset Ratio of New Horizon Aircraft was -0.29. The lowest was -1.10. And the median was -0.70.

HOVR's Equity-to-Asset is ranked worse than
96.18% of 314 companies
in the Aerospace & Defense industry
Industry Median: 0.45 vs HOVR: -0.29

New Horizon Aircraft Equity-to-Asset Historical Data

The historical data trend for New Horizon Aircraft's Equity-to-Asset 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.

* Premium members only.

New Horizon Aircraft Equity-to-Asset Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Equity-to-Asset

-1.10

-0.29

New Horizon Aircraft Semi-Annual Data
	May22	May23
Equity-to-Asset	-1.10	-0.29

Competitive Comparison of New Horizon Aircraft's Equity-to-Asset

For the Aerospace & Defense subindustry, New Horizon Aircraft's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Equity-to-Asset falls into.

New Horizon Aircraft Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

New Horizon Aircraft's Equity to Asset Ratio for the fiscal year that ended in May. 2023 is calculated as

Equity to Asset (A: May. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.306	/	1.045
	=

New Horizon Aircraft's Equity to Asset Ratio for the quarter that ended in May. 2023 is calculated as

Equity to Asset (Q: May. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-0.306	/	1.045
	=

New Horizon Aircraft (NAS:HOVR) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

New Horizon Aircraft Equity-to-Asset 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 » Equity-to-Asset

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