HOVR (New Horizon Aircraft) Interest Coverage: N/A (As of May. 2026)

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HOVR New Horizon Aircraft Ltd HOVR
14 GF Score
Price $1.87
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What is New Horizon Aircraft Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. New Horizon Aircraft's Operating Income for the three months ended in May. 2026 was $-3.54 Mil. New Horizon Aircraft's Interest Expense for the three months ended in May. 2026 was $0.00 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. New Horizon Aircraft Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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


HOVR's Interest Coverage is not ranked *
in the Aerospace & Defense industry.
Industry Median: 9.06
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Horizon Aircraft  (NAS:HOVR) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

New Horizon Aircraft Interest Coverage Related Terms

New Horizon Aircraft Interest Coverage Historical Data

* Premium members only.

The historical data trend for New Horizon Aircraft's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

New Horizon Aircraft Interest Coverage Chart

New Horizon Aircraft Annual Data
Trend May22 May23 May24 May25 May26
Interest Coverage
0.00 0.00 0.00 N/A N/A

New Horizon Aircraft Quarterly Data
May22 Dec22 May23 Dec23 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A No Debt No Debt N/A

HOVR vs CODA, HWKE, MNTS: Interest Coverage Comparison

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

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

* The bar in red indicates where New Horizon Aircraft's Interest Coverage falls into.


HOVR
14GF Score
New Horizon Aircraft Ltd HOVR
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
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New Horizon Aircraft Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

New Horizon Aircraft's Interest Coverage for the fiscal year that ended in May. 2026 is calculated as

Here, for the fiscal year that ended in May. 2026, New Horizon Aircraft's Interest Expense was $0.00 Mil. Its Operating Income was $-17.11 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.02 Mil.

GuruFocus does not calculate New Horizon Aircraft's interest coverage with the available data.

New Horizon Aircraft's Interest Coverage for the quarter that ended in May. 2026 is calculated as

Here, for the three months ended in May. 2026, New Horizon Aircraft's Interest Expense was $0.00 Mil. Its Operating Income was $-3.54 Mil. And its Long-Term Debt & Capital Lease Obligation was $0.02 Mil.

GuruFocus does not calculate New Horizon Aircraft's interest coverage with the available data.

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

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.
14GF Score

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Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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