New Horizon Aircraft Ltd (HOVR) - Cash Flow Conversion Efficiency
Based on the latest financial reports, New Horizon Aircraft Ltd (HOVR) has a cash flow conversion efficiency ratio of -0.180x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-2.61 Million) by net assets ($14.47 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
New Horizon Aircraft Ltd - Cash Flow Conversion Efficiency Trend (2021–2025)
This chart illustrates how New Horizon Aircraft Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read New Horizon Aircraft Ltd balance sheet liabilities for a breakdown of total debt and financial obligations.
New Horizon Aircraft Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of New Horizon Aircraft Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Maan Aluminium Limited
NSE:MAANALU
|
0.076x |
|
Eldeco Housing And Industries Limited
NSE:ELDEHSG
|
0.084x |
|
DY Corporation
KO:013570
|
0.007x |
|
Erbosan Erciyas Boru Sanayi Ve Ticaret AS
IS:ERBOS
|
0.013x |
|
Business Alignment Public Company Limited
BK:BIZ
|
-0.101x |
|
Mega Fortune Company Limited Ordinary Shares
NASDAQ:MGRT
|
N/A |
|
CIFI Holdings (Group) Co. Ltd
F:6CI
|
0.064x |
|
Lorne Park Capital Partners Inc
V:LPC
|
0.058x |
Annual Cash Flow Conversion Efficiency for New Horizon Aircraft Ltd (2021–2025)
The table below shows the annual cash flow conversion efficiency of New Horizon Aircraft Ltd from 2021 to 2025. For the full company profile with market capitalisation and key ratios, see New Horizon Aircraft Ltd (HOVR) market capitalisation.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $2.59 Million | $-9.31 Million | -3.595x | 0.00% |
| 2024-12-31 | $2.59 Million | $-9.31 Million | -3.595x | -2049.08% |
| 2023-12-31 | $-17.93 Million | $-3.31 Million | 0.184x | -92.45% |
| 2022-12-31 | $-413.49K | $-1.01 Million | 2.443x | +92.27% |
| 2021-12-31 | $-1.28 Million | $-1.62 Million | 1.270x | -- |
About New Horizon Aircraft Ltd
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Li… Read more