HOVR (New Horizon Aircraft) Change In Receivables: $-0.51 Mil (TTM As of May. 2026)

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HOVR New Horizon Aircraft Ltd HOVR
14 GF Score
Price $1.94
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What is New Horizon Aircraft Change In Receivables?

New Horizon Aircraft HOVR -2.27% 14 Change In Receivables is $-0.51 Mil as of May. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 1 warning sign investors should review.

New Horizon Aircraft's change in receivables for the quarter that ended in May. 2026 was $-0.37 Mil. It means New Horizon Aircraft's Accounts Receivable increased by $0.37 Mil from Feb. 2026 to May. 2026 .

New Horizon Aircraft's change in receivables for the fiscal year that ended in May. 2026 was $-0.51 Mil. It means New Horizon Aircraft's Accounts Receivable increased by $0.51 Mil from May. 2025 to May. 2026 .

New Horizon Aircraft's Accounts Receivable for the quarter that ended in May. 2026 was $0.58 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. New Horizon Aircraft's liquidation value for the three months ended in May. 2026 was $48.26 Mil.

New Horizon Aircraft  (NAS:HOVR) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

New Horizon Aircraft's Days Sales Outstanding for the quarter that ended in May. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.582/0*91
=

2. In Ben Graham's calculation of liquidation value, New Horizon Aircraft's accounts receivable are only considered to be worth 75% of book value:

New Horizon Aircraft's liquidation value for the quarter that ended in May. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=57.067-9.248+0.75 * 0.582+0.5 * 0
=48.26

* 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 Change In Receivables Related Terms

New Horizon Aircraft Change In Receivables Historical Data

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The historical data trend for New Horizon Aircraft's Change In Receivables 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.

New Horizon Aircraft Change In Receivables Chart

New Horizon Aircraft Annual Data
Trend May22 May23 May24 May25 May26
Change In Receivables
0.00 -0.01 -0.29 0.23 -0.51

New Horizon Aircraft Quarterly Data
May22 Dec22 May23 Dec23 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.01 -0.10 -0.05 -0.37
HOVR
14GF Score
New Horizon Aircraft Ltd HOVR
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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New Horizon Aircraft Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.51 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-0.51 Mil mean?
New Horizon Aircraft (HOVR) has a Change In Receivables of $-0.51 Mil as of May. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for New Horizon Aircraft and its competitors.
Is New Horizon Aircraft's Change In Receivables too high?
New Horizon Aircraft's current Change In Receivables is $-0.51 Mil. Overall, New Horizon Aircraft has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Aircraft's Change In Receivables compare to CODA and HWKE?
New Horizon Aircraft's Change In Receivables of $-0.51 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Aerospace & Defense company?
A good Change In Receivables depends on the Aerospace & Defense industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for New Horizon Aircraft and its competitors. New Horizon Aircraft's current Change In Receivables is $-0.51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Aircraft stock overvalued right now?
New Horizon Aircraft (HOVR) has a current Change In Receivables of $-0.51 Mil. The current Change In Receivables is $-0.51 Mil. New Horizon Aircraft's overall GF Score™ is 14/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Change In Receivables is $-0.51 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Horizon Aircraft Business Description

Address 3187 Highway 35, Lindsay, ON, CAN, K9V 4R1
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its 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.
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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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