New Horizon Aircraft (New Horizon Aircraft) Accounts Payable & Accrued Expense : $0.16 Mil (As of May. 2023)

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What is New Horizon Aircraft Accounts Payable & Accrued Expense?

New Horizon Aircraft's quarterly accounts payable & accrued expense increased from . 20 ($0.00 Mil) to May. 2022 ($0.15 Mil) and increased from May. 2022 ($0.15 Mil) to May. 2023 ($0.16 Mil).

New Horizon Aircraft's annual accounts payable & accrued expense increased from . 20 ($0.00 Mil) to May. 2022 ($0.15 Mil) and increased from May. 2022 ($0.15 Mil) to May. 2023 ($0.16 Mil).

New Horizon Aircraft Accounts Payable & Accrued Expense Historical Data

The historical data trend for New Horizon Aircraft's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Accounts Payable & Accrued Expense

0.15

0.16

New Horizon Aircraft Semi-Annual Data
	May22	May23
Accounts Payable & Accrued Expense	0.15	0.16

New Horizon Aircraft Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Accounts Payable & Accrued Expense

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