New Horizon Aircraft (New Horizon Aircraft) Debt-to-EBITDA : -1.50 (As of May. 2023)

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What is New Horizon Aircraft Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

New Horizon Aircraft's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was $0.94 Mil. New Horizon Aircraft's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2023 was $0.25 Mil. New Horizon Aircraft's annualized EBITDA for the quarter that ended in May. 2023 was $-0.79 Mil. New Horizon Aircraft's annualized Debt-to-EBITDA for the quarter that ended in May. 2023 was -1.50.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for New Horizon Aircraft's Debt-to-EBITDA or its related term are showing as below:

HOVR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.5 Med: -1.45 Max: -1.39
Current: -1.5

During the past 2 years, the highest Debt-to-EBITDA Ratio of New Horizon Aircraft was -1.39. The lowest was -1.50. And the median was -1.45.

HOVR's Debt-to-EBITDA is ranked worse than
100% of 225 companies
in the Aerospace & Defense industry
Industry Median: 2.29 vs HOVR: -1.50

New Horizon Aircraft Debt-to-EBITDA Historical Data

The historical data trend for New Horizon Aircraft's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Debt-to-EBITDA

-1.39

-1.50

New Horizon Aircraft Semi-Annual Data
	May22	May23
Debt-to-EBITDA	-1.39	-1.50

Competitive Comparison of New Horizon Aircraft's Debt-to-EBITDA

For the Aerospace & Defense subindustry, New Horizon Aircraft's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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's Debt-to-EBITDA Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Debt-to-EBITDA falls into.

New Horizon Aircraft Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

New Horizon Aircraft's Debt-to-EBITDA for the fiscal year that ended in May. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.938	+	0.249)	/	-0.79
	=	-1.50

New Horizon Aircraft's annualized Debt-to-EBITDA for the quarter that ended in May. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.938	+	0.249)	/	-0.79
	=	-1.50

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is one times the quarterly (May. 2023) EBITDA data.

New Horizon Aircraft (NAS:HOVR) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

New Horizon Aircraft Debt-to-EBITDA Related Terms

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New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Debt-to-EBITDA

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

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