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HOVR (New Horizon Aircraft) Total Equity : $-1.68 Mil (As of Nov. 2024)


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What is New Horizon Aircraft Total Equity?

New Horizon Aircraft's total equity for the quarter that ended in Nov. 2024 was $-1.68 Mil.

This is Residual interest, including minority interest, that remains in the assets of the enterprise after deducting its liabilities. Equity is increased by owners’ investments and by comprehensive income, and it is reduced by distributions to the owners.

New Horizon Aircraft Total Equity Historical Data

The historical data trend for New Horizon Aircraft's Total Equity 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 Total Equity Chart

New Horizon Aircraft Annual Data
Trend May22 May23 May24
Total Equity
-0.99 -0.31 -13.12

New Horizon Aircraft Quarterly Data
May22 Dec22 May23 Dec23 May24 Aug24 Nov24
Total Equity Get a 7-Day Free Trial -0.31 85.72 -13.12 -16.21 -1.68

New Horizon Aircraft Total Equity Calculation

Total Equity and Total Liabilities are the two components for Total Assets.

New Horizon Aircraft's Total Equity for the fiscal year that ended in May. 2024 is calculated as

Total Equity=Total Assets(Q: May. 2024 )-Total Liabilities(Q: May. 2024 )
=3.617-16.739
=-13.12

New Horizon Aircraft's Total Equity for the quarter that ended in Nov. 2024 is calculated as

Total Equity=Total Assets(Q: Nov. 2024 )-Total Liabilities(Q: Nov. 2024 )
=1.404-3.088
=-1.68

* 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 Equity Related Terms

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New Horizon Aircraft Business Description

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