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 -0.066x as of June 2026. 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 ($-6.50 Million) by net assets ($98.21 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see market value of New Horizon Aircraft Ltd for the company's overall valuation and market capitalisation.
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.
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. Explore cash flow quality index of New Horizon Aircraft Ltd to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Jiin Ming Industry Co Ltd
TWO:3230
|
0.026x |
|
MDxHealth SA ADR
NASDAQ:MDXH
|
0.192x |
|
Paramount Gold Nevada Corp
NYSE MKT:PZG
|
0.070x |
|
Norooholdings
KO:000320
|
0.010x |
|
Amadeus Fire AG
XETRA:AAD
|
0.015x |
|
Nanexa AB
ST:NANEXA
|
-0.073x |
|
Mangata Holding S.A.
WAR:MGT
|
-0.005x |
|
ARRAIL GROUP LTD.
F:I1D
|
N/A |
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. View HOVR stock price and chart for real-time trading data and today's change.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | $3.55 Million | $-12.78 Million | -3.595x | -2049.08% |
| 2024-12-31 | $-17.93 Million | $-3.31 Million | 0.184x | 0.00% |
| 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, engages in designing and building hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It also designs and delivers Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquart… Read more