New Horizon Aircraft (New Horizon Aircraft) Liabilities-to-Assets : 1.29 (As of May. 2023)

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What is New Horizon Aircraft Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. New Horizon Aircraft's Total Liabilities for the quarter that ended in May. 2023 was $1.35 Mil. New Horizon Aircraft's Total Assets for the quarter that ended in May. 2023 was $1.05 Mil. Therefore, New Horizon Aircraft's Liabilities-to-Assets Ratio for the quarter that ended in May. 2023 was 1.29.

New Horizon Aircraft Liabilities-to-Assets Historical Data

The historical data trend for New Horizon Aircraft's Liabilities-to-Assets 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 Liabilities-to-Assets Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Liabilities-to-Assets

2.10

1.29

New Horizon Aircraft Semi-Annual Data
	May22	May23
Liabilities-to-Assets	2.10	1.29

Competitive Comparison of New Horizon Aircraft's Liabilities-to-Assets

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

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

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

New Horizon Aircraft Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

New Horizon Aircraft's Liabilities-to-Assets Ratio for the fiscal year that ended in May. 2023 is calculated as:

Liabilities-to-Assets (A: May. 2023 )	=	Total Liabilities	/	Total Assets
	=	1.35	/	1.045
	=	1.29

New Horizon Aircraft's Liabilities-to-Assets Ratio for the quarter that ended in May. 2023 is calculated as

Liabilities-to-Assets (Q: May. 2023 )	=	Total Liabilities	/	Total Assets
	=	1.35	/	1.045
	=	1.29

New Horizon Aircraft (NAS:HOVR) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

New Horizon Aircraft Liabilities-to-Assets 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 » Liabilities-to-Assets

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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