New Horizon Aircraft Ltd. financial data

Symbol
HOVR, HOVRW on Nasdaq
Location
3187 Highway 35, Lindsay, Ontario, Canada
Fiscal year end
May 31
Latest financial report
10-K - Q2 2025 - Aug 22, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 535 %
Debt-to-equity -281 %
Return On Equity -140 % -258%
Return On Assets 77.2 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 39.2M shares +59.6%
Entity Public Float 14.2M USD -88.3%
Common Stock, Value, Issued 78.3M CAD
Weighted Average Number of Shares Outstanding, Basic 25.8M shares +141%
Weighted Average Number of Shares Outstanding, Diluted 30.8M shares +187%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense 3.66M CAD +316%
General and Administrative Expense 9.93M CAD +165%
Operating Income (Loss) -13.6M CAD -194%
Nonoperating Income (Expense) 18.8M CAD -652%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 5.2M CAD -289%
Income Tax Expense (Benefit) 757K USD
Net Income (Loss) Attributable to Parent 5.2M CAD -290%
Earnings Per Share, Basic 0 CAD/shares -288%
Earnings Per Share, Diluted 0 CAD/shares -288%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.82M CAD +696%
Accounts Receivable, after Allowance for Credit Loss, Current 96K CAD -77%
Assets, Current 8.17M CAD +75.2%
Property, Plant and Equipment, Net 209K CAD +1.95%
Operating Lease, Right-of-Use Asset 30K CAD -60%
Assets 8.41M CAD +70.1%
Accounts Payable, Current 679K CAD -5.04%
Accrued Liabilities, Current 625K CAD +8.89%
Liabilities, Current 1.33M CAD -0.53%
Operating Lease, Liability, Noncurrent 8K CAD -73.3%
Liabilities 5.82M CAD -74.6%
Retained Earnings (Accumulated Deficit) -9.48M CAD +35.4%
Stockholders' Equity Attributable to Parent 2.59M CAD
Liabilities and Equity 8.41M CAD +70.1%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.48M CAD -264%
Net Cash Provided by (Used in) Financing Activities 3.48M CAD +1072%
Net Cash Provided by (Used in) Investing Activities -16K CAD
Common Stock, Shares Authorized 100M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 433K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 7.55M CAD +316%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1K CAD
Deferred Tax Assets, Valuation Allowance 5.14M CAD +177%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 185K USD +811%
Operating Lease, Liability 62K USD
Depreciation 138K CAD +146%
Payments to Acquire Property, Plant, and Equipment 16K CAD
Lessee, Operating Lease, Liability, to be Paid 69K USD
Property, Plant and Equipment, Gross 394K CAD +31.8%
Operating Lease, Liability, Current 22K CAD -50%
Lessee, Operating Lease, Liability, to be Paid, Year Two 8K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 24K USD
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 7K USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 8K CAD
Deferred Tax Assets, Operating Loss Carryforwards 4.89M CAD +180%
Preferred Stock, Shares Issued 4.5K shares
Preferred Stock, Shares Authorized 100M shares +9900%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital -78.8M CAD -1.43%
Preferred Stock, Shares Outstanding 4.5K shares
Deferred Tax Assets, Net of Valuation Allowance 8K CAD -60%
Share-based Payment Arrangement, Expense 71K CAD +610%
Interest Expense 15K USD -28.6%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%