New Horizon AircraftHOVR +1.60%14 Quick Ratio is 14.81 as of Feb. 2026, which is 292% above its 10-year median of 3.78. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 357 Aerospace & Defense companies, New Horizon Aircraft ranks better than 98.04% on this metric.
New Horizon Aircraft has a quick ratio of 14.81. It generally indicates good short-term financial strength.
The historical rank and industry rank for New Horizon Aircraft's Quick Ratio or its related term are showing as below:
HOVR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.02 Med: 3.78 Max: 14.81
Current: 14.81
During the past 4 years, New Horizon Aircraft's highest Quick Ratio was 14.81. The lowest was 0.02. And the median was 3.78.
HOVR's Quick Ratio is ranked better than 98.04% of 357
companies
in the Aerospace & Defense industry
Industry Median: 1.3
vs HOVR: 14.81
New Horizon Aircraft (NAS:HOVR) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
New Horizon Aircraft Quick Ratio Related Terms
New Horizon Aircraft Quick Ratio Historical Data
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The historical data trend for New Horizon Aircraft's Quick Ratio 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.
For the Aerospace & Defense subindustry, New Horizon Aircraft's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Quick Ratio distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
New Horizon Aircraft's Quick Ratio for the fiscal year that ended in May. 2025 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 Quick Ratio of 14.81 as of Feb. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on New Horizon Aircraft and its competitors. This is 292% above median its historical median of 3.78. Over the past decade, New Horizon Aircraft's Quick Ratio has ranged from 0.02 to 14.81. According to the industry distribution chart, New Horizon Aircraft ranks #7 out of 357 companies in the Aerospace & Defense industry, placing it in the top 2%.
Is New Horizon Aircraft's Quick Ratio too high?
New Horizon Aircraft's current Quick Ratio of 14.81 is 292% above median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 14.81. The Aerospace & Defense industry median Quick Ratio is 1.30. New Horizon Aircraft's value of 14.81 is 1039.2% above this industry median. Based on the distribution chart, New Horizon Aircraft ranks #7 out of 357 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 Quick Ratio compare to VWAV and MNTS?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #7 out of 357 companies for Quick Ratio. This places New Horizon Aircraft in the top 2% of its industry — outperforming the majority of peers. The industry median Quick Ratio is 1.30. New Horizon Aircraft's value of 14.81 is 1039.2% above this benchmark. Historically, New Horizon Aircraft's own Quick Ratio has ranged from 0.02 to 14.81 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 1.30, New Horizon Aircraft has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Aerospace & Defense company?
The median Quick Ratio among Aerospace & Defense companies is 1.30, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New Horizon Aircraft's current Quick Ratio of 14.81 is 1039.2% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median Quick Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current Quick Ratio is 14.81, which is 292% above median its own 10-year median of 3.78. 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 Quick Ratio of 14.81. The current Quick Ratio is 14.81, which is 292% above median its 10-year median of 3.78 and 1039.2% above the Aerospace & Defense industry median of 1.30. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Quick Ratio is 14.81 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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