New Horizon AircraftHOVR +1.60%14 Interest Coverage is No Debt (1) as of Feb. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 241 Aerospace & Defense companies, New Horizon Aircraft ranks worse than 414937.34% on this metric.
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 Feb. 2026 was $-5.56 Mil. New Horizon Aircraft's Interest Expense for the
three
months ended in Feb. 2026 was $0.00 Mil.
New Horizon Aircraft has no debt.
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.
(1) 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.
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: 8.69 * Ranked among companies with meaningful Interest Coverage only.
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.
HOVR vs VWAV, MNTS, BYRN: 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.
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:
* 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.
What does a Interest Coverage of No Debt <sup>(1)</sup> mean?
New Horizon Aircraft (HOVR) has a Interest Coverage of No Debt (1) as of Feb. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on New Horizon Aircraft and its competitors. According to the industry distribution chart, New Horizon Aircraft ranks #999999 out of 241 companies in the Aerospace & Defense industry.
Is New Horizon Aircraft's Interest Coverage too high?
New Horizon Aircraft's current Interest Coverage is No Debt (1). Based on the distribution chart, New Horizon Aircraft ranks #999999 out of 241 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 Interest Coverage compare to VWAV and MNTS?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #999999 out of 241 companies for Interest Coverage. This places New Horizon Aircraft in the lower half of its industry. The industry median Interest Coverage is 8.69. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Aerospace & Defense company?
The median Interest Coverage among Aerospace & Defense companies is 8.69, based on 241 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median Interest Coverage is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current Interest Coverage is No Debt (1). 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 Interest Coverage of No Debt (1). The current Interest Coverage is No Debt (1). 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Interest Coverage is No Debt (1) 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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