HOVR (New Horizon Aircraft) Interest Expense : $0.00 Mil (TTM As of Aug. 2024)

View and export this data going back to 2024. Start your Free Trial

What is New Horizon Aircraft Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. New Horizon Aircraft's interest expense for the three months ended in Aug. 2024 was $ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Aug. 2024 was $0.00 Mil.

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. New Horizon Aircraft's Operating Income for the three months ended in Aug. 2024 was $ -1.98 Mil. New Horizon Aircraft's Interest Expense for the three months ended in Aug. 2024 was $ 0.00 Mil. GuruFocus does not calculate New Horizon Aircraft's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is. 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 Interest Expense Historical Data

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

* Premium members only.

New Horizon Aircraft Interest Expense Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

May24

Interest Expense

-0.06

-0.12

New Horizon Aircraft Quarterly Data
	May22	Dec22	May23	Dec23	May24	Aug24
Interest Expense	Get a 7-Day Free Trial			-	-	-	-	-

New Horizon Aircraft Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Aug. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

New Horizon Aircraft (NAS:HOVR) Interest Expense Explanation

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 Expense for the three months ended in Aug. 2024 was $0.00 Mil. Its Operating Income for the three months ended in Aug. 2024 was $-1.98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Aug. 2024 was $0.02 Mil.

New Horizon Aircraft's Interest Coverage for the quarter that ended in Aug. 2024 is calculated as

GuruFocus does not calculate New Horizon Aircraft'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.

New Horizon Aircraft Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3187 Highway 35, Lindsay, ON, CAN, K9V 4R1

Website

https://www.horizonaircraft.com

New Horizon Aircraft Ltd is an 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 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.