HOVR (New Horizon Aircraft) Days Payable: 0.00 (As of Feb. 2026)


HOVR New Horizon Aircraft Ltd HOVR
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What is New Horizon Aircraft Days Payable?

New Horizon Aircraft HOVR +0.51% 14 Days Payable is 0.00 as of Feb. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 337 Aerospace & Defense companies, New Horizon Aircraft ranks worse than 296735.61% on this metric.

New Horizon Aircraft's average Accounts Payable for the three months ended in Feb. 2026 was $0.73 Mil. New Horizon Aircraft's Cost of Goods Sold for the three months ended in Feb. 2026 was $0.00 Mil.

The historical rank and industry rank for New Horizon Aircraft's Days Payable or its related term are showing as below:

During the past 4 years, New Horizon Aircraft's highest Days Payable was 148.03. The lowest was 94.88. And the median was 121.46.

HOVR's Days Payable is not ranked *
in the Aerospace & Defense industry.
Industry Median: 65.05
* Ranked among companies with meaningful Days Payable only.

New Horizon Aircraft's Days Payable stayed the same from Feb. 2025 (0.00) to Feb. 2026 (0.00). stayed the same

New Horizon Aircraft Days Payable Historical Data

* Premium members only.

The historical data trend for New Horizon Aircraft's Days Payable 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 Days Payable Chart

New Horizon Aircraft Annual Data
Trend May22 May23 May24 May25
Days Payable
94.88 148.03 0.00 0.00

New Horizon Aircraft Quarterly Data
May22 Dec22 May23 Dec23 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

HOVR vs VWAV, CODA, BYRN: Days Payable Comparison

For the Aerospace & Defense subindustry, New Horizon Aircraft's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Days Payable distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Days Payable falls into.


HOVR
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New Horizon Aircraft Ltd HOVR
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New Horizon Aircraft Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

New Horizon Aircraft's Days Payable for the fiscal year that ended in May. 2025 is calculated as

Days Payable (A: May. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2024 ) + Accounts Payable (A: May. 2025 )) / count ) / Cost of Goods Sold (A: May. 2025 )*Days in Period
=( (0.523 + 0.49) / 2 ) / 0*365
=0.5065 / 0*365
=N/A

New Horizon Aircraft's Days Payable for the quarter that ended in Feb. 2026 is calculated as:

Days Payable (Q: Feb. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Nov. 2025 ) + Accounts Payable (Q: Feb. 2026 )) / count ) / Cost of Goods Sold (Q: Feb. 2026 )*Days in Period
=( (0.645 + 0.806) / 2 ) / 0*365 / 4
=0.7255 / 0*365 / 4
=N/A

* 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 Days Payable →
What does a Days Payable of 0.00 mean?
New Horizon Aircraft (HOVR) has a Days Payable of 0.00 as of Feb. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on New Horizon Aircraft and its competitors. Over the past decade, New Horizon Aircraft's Days Payable has ranged from 94.88 to 148.03. According to the industry distribution chart, New Horizon Aircraft ranks #999999 out of 337 companies in the Aerospace & Defense industry.
Is New Horizon Aircraft's Days Payable too high?
New Horizon Aircraft's current Days Payable is 0.00. Over the past 10 years, this metric has ranged from a low of 94.88 to a high of 148.03. Based on the distribution chart, New Horizon Aircraft ranks #999999 out of 337 companies in the Aerospace & Defense industry, which is in the bottom quartile 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 Days Payable compare to VWAV and CODA?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #999999 out of 337 companies for Days Payable. This places New Horizon Aircraft in the lower half of its industry. The industry median Days Payable is 65.05. Historically, New Horizon Aircraft's own Days Payable has ranged from 94.88 to 148.03 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Aerospace & Defense company?
The median Days Payable among Aerospace & Defense companies is 65.05, based on 337 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median Days Payable is 65.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current Days Payable is 0.00. 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 Days Payable of 0.00. The current Days Payable is 0.00. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Days Payable is 0.00 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 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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