New Horizon AircraftHOVR -1.04%14 Current Ratio is 14.81 as of Feb. 2026, which is 292% above its 10-year median of 3.78. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 357 Aerospace & Defense companies, New Horizon Aircraft ranks better than 98.04% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. New Horizon Aircraft's current ratio for the quarter that ended in Feb. 2026 was 14.81.
New Horizon Aircraft has a current ratio of 14.81. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for New Horizon Aircraft's Current Ratio or its related term are showing as below:
HOVR'
s Current Ratio Range Over the Past 10 Years
Min: 0.02 Med: 3.78 Max: 14.81
Current: 14.81
During the past 4 years, New Horizon Aircraft's highest Current Ratio was 14.81. The lowest was 0.02. And the median was 3.78.
HOVR's Current Ratio is ranked better than 98.04% of 357
companies
in the Aerospace & Defense industry
Industry Median: 1.93
vs HOVR: 14.81
New Horizon Aircraft (NAS:HOVR) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
New Horizon Aircraft Current Ratio Related Terms
New Horizon Aircraft Current Ratio Historical Data
* Premium members only.
The historical data trend for New Horizon Aircraft's Current Ratio 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.
HOVR vs VWAV, CODA, BYRN: Current Ratio Comparison
For the Aerospace & Defense subindustry, New Horizon Aircraft's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Current Ratio distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's Current Ratio falls into.
* 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 (HOVR) has a Current Ratio of 14.81 as of Feb. 2026. This is 292% above median its historical median of 3.78. Over the past decade, New Horizon Aircraft's Current Ratio has ranged from 0.02 to 14.81. According to the industry distribution chart, New Horizon Aircraft ranks #7 out of 357 companies in the Aerospace & Defense industry, placing it in the top 2%.
Is New Horizon Aircraft's Current Ratio too high?
New Horizon Aircraft's current Current Ratio of 14.81 is 292% above median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 14.81. The Aerospace & Defense industry median Current Ratio is 1.93. New Horizon Aircraft's value of 14.81 is 667.4% above this industry median. Based on the distribution chart, New Horizon Aircraft ranks #7 out of 357 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. 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 Current Ratio compare to VWAV and CODA?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #7 out of 357 companies for Current Ratio. This places New Horizon Aircraft in the top 2% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.93. New Horizon Aircraft's value of 14.81 is 667.4% above this benchmark. Historically, New Horizon Aircraft's own Current Ratio has ranged from 0.02 to 14.81 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 1.93, New Horizon Aircraft has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Aerospace & Defense company?
The median Current Ratio among Aerospace & Defense companies is 1.93, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Horizon Aircraft's current Current Ratio of 14.81 is 667.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Aerospace & Defense industry, the median Current Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current Current Ratio is 14.81, which is 292% above median its own 10-year median of 3.78. 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 Current Ratio of 14.81. The current Current Ratio is 14.81, which is 292% above median its 10-year median of 3.78 and 667.4% above the Aerospace & Defense industry median of 1.93. New Horizon Aircraft's overall GF Score™ is 14/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Current Ratio is 14.81 as of Feb. 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 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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