HOVR (New Horizon Aircraft) Total Assets: $16.05 Mil (As of Feb. 2026)


HOVR New Horizon Aircraft Ltd HOVR
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What is New Horizon Aircraft Total Assets?

New Horizon Aircraft HOVR -2.76% 14 Total Assets is $16.05 Mil as of Feb. 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review.

New Horizon Aircraft's Total Assets for the quarter that ended in Feb. 2026 was $16.05 Mil.

During the past 12 months, New Horizon Aircraft's average Total Assets Growth Rate was -72.70% per year. During the past 3 years, the average Total Assets Growth Rate was -11.60% per year.

During the past 4 years, New Horizon Aircraft's highest 3-Year average Total Assets Growth Rate was -11.60%. The lowest was -11.60%. And the median was -11.60%.

Total Assets is connected with ROA %. New Horizon Aircraft's annualized ROA % for the quarter that ended in Feb. 2026 was -117.93%. Total Assets is also linked to Revenue through Asset Turnover. New Horizon Aircraft's Asset Turnover for the quarter that ended in Feb. 2026 was 0.00.

New Horizon Aircraft  (NAS:HOVR) Total Assets Explanation

Total Assets is connected with ROA %.

New Horizon Aircraft's annualized ROA % for the quarter that ended in Feb. 2026 is

ROA %=Net Income (Q: Feb. 2026 )/( (Total Assets (Q: Nov. 2025 )+Total Assets (Q: Feb. 2026 ))/ count )
=-20.22/( (18.24+16.052)/ 2 )
=-20.22/17.146
=-117.93 %

Note: The Net Income data used here is four times the quarterly (Feb. 2026) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

New Horizon Aircraft's Asset Turnover for the quarter that ended in Feb. 2026 is

Asset Turnover
=Revenue (Q: Feb. 2026 )/( (Total Assets (Q: Nov. 2025 )+Total Assets (Q: Feb. 2026 ))/ count )
=0/( (18.24+16.052)/ 2 )
=0/17.146
=0.00

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

New Horizon Aircraft Total Assets Related Terms

New Horizon Aircraft Total Assets Historical Data

* Premium members only.

The historical data trend for New Horizon Aircraft's Total 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.

New Horizon Aircraft Total Assets Chart

New Horizon Aircraft Annual Data
Trend May22 May23 May24 May25
Total Assets
0.91 1.05 3.62 6.07

New Horizon Aircraft Quarterly Data
May22 Dec22 May23 Dec23 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.22 6.07 12.35 18.24 16.05
HOVR
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New Horizon Aircraft Ltd HOVR
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New Horizon Aircraft Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

New Horizon Aircraft's Total Assets for the fiscal year that ended in May. 2025 is calculated as

Total Assets=Total Equity (A: May. 2025 )+Total Liabilities (A: May. 2025 )
=1.868+4.198
=6.07

New Horizon Aircraft's Total Assets for the quarter that ended in Feb. 2026 is calculated as

Total Assets=Total Equity (Q: Feb. 2026 )+Total Liabilities (Q: Feb. 2026 )
=10.352+5.7
=16.05

* 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.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of $16.05 Mil mean?
New Horizon Aircraft (HOVR) has a Total Assets of $16.05 Mil as of Feb. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on New Horizon Aircraft and its competitors.
Is New Horizon Aircraft's Total Assets too high?
New Horizon Aircraft's current Total Assets is $16.05 Mil. 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 Total Assets compare to VWAV and CODA?
New Horizon Aircraft's Total Assets of $16.05 Mil can be compared against companies in the Aerospace & Defense industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for an Aerospace & Defense company?
A good Total Assets depends on the Aerospace & Defense industry context. However, Total Assets 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on New Horizon Aircraft and its competitors. New Horizon Aircraft's current Total Assets is $16.05 Mil. 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 Total Assets of $16.05 Mil. The current Total Assets is $16.05 Mil. 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 Total Assets calculated?
Total Assets is calculated from a company's financial statements. For New Horizon Aircraft (HOVR), the current Total Assets is $16.05 Mil 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 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.
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