New Horizon Aircraft Ltd. financial data

Symbol
HOVR, HOVRW on Nasdaq
Location
Lindsay, Ontario, Canada
Fiscal year end
31 May
Latest financial report
10-Q - Q3 2025 - 10 Oct 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 670% %
Debt-to-equity 109% %
Return On Equity -62% % -183%
Return On Assets -30% %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 40,967,563 shares 67%
Entity Public Float $14,218,259 USD -88%
Common Stock, Value, Issued CA$78,307,000 CAD
Weighted Average Number of Shares Outstanding, Basic 37,135,908 shares 93%
Weighted Average Number of Shares Outstanding, Diluted 37,135,908 shares 93%

Income Statement

Label TTM Value / Value Unit Change %
Research and Development Expense CA$6,082,000 CAD 489%
General and Administrative Expense CA$10,707,000 CAD 81%
Operating Income (Loss) CA$16,789,000 CAD -142%
Nonoperating Income (Expense) CA$13,997,000 CAD -2324%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest CA$2,792,000 CAD 74%
Net Income (Loss) Attributable to Parent CA$2,792,000 CAD 74%
Earnings Per Share, Basic 0 CAD/shares -93%
Earnings Per Share, Diluted 0 CAD/shares -93%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value CA$1,816,000 CAD 696%
Accounts Receivable, after Allowance for Credit Loss, Current CA$81,000 CAD 37%
Assets, Current CA$16,720,000 CAD 179%
Property, Plant and Equipment, Net CA$298,000 CAD 70%
Operating Lease, Right-of-Use Asset CA$25,000 CAD -60%
Assets CA$17,043,000 CAD 173%
Accounts Payable, Current CA$382,000 CAD -69%
Accrued Liabilities, Current CA$1,692,000 CAD 698%
Liabilities, Current CA$2,097,000 CAD 41%
Operating Lease, Liability, Noncurrent CA$2,000 CAD -92%
Liabilities CA$6,230,000 CAD -78%
Retained Earnings (Accumulated Deficit) CA$20,386,000 CAD -16%
Stockholders' Equity Attributable to Parent CA$10,813,000 CAD
Liabilities and Equity CA$17,043,000 CAD 173%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities CA$2,364,000 CAD -60%
Net Cash Provided by (Used in) Financing Activities CA$11,223,000 CAD 222%
Net Cash Provided by (Used in) Investing Activities CA$139,000 CAD
Common Stock, Shares Authorized 100,000,000 shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CA$16,267,000 CAD 326%
Interest Paid, Excluding Capitalized Interest, Operating Activities CA$1,000 CAD 0%
Deferred Tax Assets, Valuation Allowance CA$5,140,000 CAD 177%
Operating Lease, Liability $62,000 USD
Depreciation CA$159,000 CAD 99%
Payments to Acquire Property, Plant, and Equipment CA$139,000 CAD
Lessee, Operating Lease, Liability, to be Paid $69,000 USD
Property, Plant and Equipment, Gross CA$533,000 CAD 78%
Operating Lease, Liability, Current CA$23,000 CAD -36%
Lessee, Operating Lease, Liability, to be Paid, Year Two $8,000 USD
Lessee, Operating Lease, Liability, to be Paid, Year One $24,000 USD
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $7,000 USD
Lessee, Operating Lease, Liability, to be Paid, Year Three CA$8,000 CAD
Deferred Tax Assets, Operating Loss Carryforwards CA$4,885,000 CAD 180%
Preferred Stock, Shares Issued 4,500 shares
Preferred Stock, Shares Authorized 100,000,000 shares 9900%
Additional Paid in Capital CA$71,665,000 CAD
Preferred Stock, Shares Outstanding 4,500 shares
Deferred Tax Assets, Net of Valuation Allowance CA$8,000 CAD -60%
Share-based Payment Arrangement, Expense CA$194,000 CAD
Interest Expense $15,000 USD -29%