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New Horizon Aircraft (New Horizon Aircraft) Construction In Progress : $0.00 Mil (As of May. 2023)


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What is New Horizon Aircraft Construction In Progress?

New Horizon Aircraft Construction In Progress Historical Data

The historical data trend for New Horizon Aircraft's Construction In Progress 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 Construction In Progress Chart

New Horizon Aircraft Annual Data
Trend May22 May23
Construction In Progress
- -

New Horizon Aircraft Semi-Annual Data
May22 May23
Construction In Progress - -

New Horizon Aircraft Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

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 » Construction In Progress
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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

From GuruFocus

Horizon Aircraft Provides Corporate Update

By Marketwired • 04-16-2024