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New Horizon AircraftHOVR -0.60%14 Equity-to-Asset is 0.85 as of May. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 363 Aerospace & Defense companies, New Horizon Aircraft ranks better than 91.46% on this metric.
New Horizon Aircraft (NAS:HOVR) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
New Horizon Aircraft Equity-to-Asset Related Terms
New Horizon Aircraft Equity-to-Asset Historical Data
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The historical data trend for New Horizon Aircraft's Equity-to-Asset 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 EVTL, CODA, SIF: Equity-to-Asset Comparison
For the Aerospace & Defense subindustry, New Horizon Aircraft's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
New Horizon Aircraft's Equity to Asset Ratio for the fiscal year that ended in May. 2026 is calculated as
* 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 Equity-to-Asset of 0.85 as of May. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on New Horizon Aircraft and its competitors. According to the industry distribution chart, New Horizon Aircraft ranks #31 out of 363 companies in the Aerospace & Defense industry, placing it in the top 8.5%.
Is New Horizon Aircraft's Equity-to-Asset too high?
New Horizon Aircraft's current Equity-to-Asset is 0.85. The Aerospace & Defense industry median Equity-to-Asset is 0.51. New Horizon Aircraft's value of 0.85 is 66.7% above this industry median. Based on the distribution chart, New Horizon Aircraft ranks #31 out of 363 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 Equity-to-Asset compare to EVTL and CODA?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #31 out of 363 companies for Equity-to-Asset. This places New Horizon Aircraft in the top 9% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.51. New Horizon Aircraft's value of 0.85 is 66.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Aerospace & Defense company?
The median Equity-to-Asset among Aerospace & Defense companies is 0.51, based on 363 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Horizon Aircraft's current Equity-to-Asset of 0.85 is 66.7% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median Equity-to-Asset is 0.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current Equity-to-Asset is 0.85. 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 Equity-to-Asset of 0.85. The current Equity-to-Asset is 0.85 and 66.7% above the Aerospace & Defense industry median of 0.51. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Equity-to-Asset is 0.85 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 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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