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 -0.482x as of March 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 ($-9.31 Million) by net assets ($19.29 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See New Horizon Aircraft Ltd net asset quality index to measure how much of total assets are equity-financed.
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. Check HOVR cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
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 |
|---|---|
|
Freeman Gold Corp
V:FMAN
|
-0.019x |
|
NOMAD Power Solutions, Inc.
NASDAQ:NMAD
|
-0.200x |
|
IBU tec advanced materials AG
XETRA:IBU
|
0.255x |
|
Sera Prognostics Inc
NASDAQ:SERA
|
-0.130x |
|
Enex Co.Ltd
KO:011090
|
-0.124x |
|
Mason Capital Corporation
KQ:021880
|
0.043x |
|
BEML LAND ASSETS LTD
NSE:BLAL
|
-0.017x |
|
Shanghai Lingang Holdings Co Ltd B
SHG:900928
|
-0.013x |
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) total market value.
| 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