New Horizon Aircraft Ltd (HOVR) - Net Assets
Based on the latest financial reports, New Horizon Aircraft Ltd (HOVR) has net assets worth $19.29 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.91 Million) and total liabilities ($10.62 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HOVR intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $19.29 Million |
| % of Total Assets | 64.49% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | N/A |
New Horizon Aircraft Ltd - Net Assets Trend (2021–2025)
This chart illustrates how New Horizon Aircraft Ltd's net assets have evolved over time, based on quarterly financial data. See New Horizon Aircraft Ltd (HOVR) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for New Horizon Aircraft Ltd (2021–2025)
The table below shows the annual net assets of New Horizon Aircraft Ltd from 2021 to 2025. For live valuation and market cap data, see New Horizon Aircraft Ltd (HOVR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.59 Million | 0.00% |
| 2024-12-31 | $2.59 Million | +114.44% |
| 2023-12-31 | $-17.93 Million | -4236.96% |
| 2022-12-31 | $-413.49K | +67.64% |
| 2021-12-31 | $-1.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to New Horizon Aircraft Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 510155900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $84.56 Million | 3264.94% |
| Total Equity | $2.59 Million | 100.00% |
New Horizon Aircraft Ltd Competitors by Market Cap
The table below lists competitors of New Horizon Aircraft Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STARPHARMA HLDG.SP.ADR/10
F:PQ6A
|
$99.13 Million |
|
Ferronordic AB (publ)
ST:FNM
|
$99.15 Million |
|
Vivani Medical Inc.
NASDAQ:VANI
|
$99.17 Million |
|
CFI Holding SA
WAR:CFI
|
$99.18 Million |
|
Intelligent Digital Integrated Security Co. Ltd
KQ:143160
|
$99.05 Million |
|
Chainqui Construction Development Co Ltd
TW:2509
|
$99.04 Million |
|
Choil Aluminum
KO:018470
|
$99.03 Million |
|
Fury Gold Mines Ltd
TO:FURY
|
$99.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in New Horizon Aircraft Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,590,000 to 2,590,000, a change of 0 (0.0%).
- Net income of 5,200,000 contributed positively to equity growth.
- Other factors decreased equity by 5,200,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.20 Million | +200.77% |
| Other Changes | $-5.20 Million | -200.77% |
| Total Change | $- | 0.00% |
Book Value vs Market Value Analysis
This analysis compares New Horizon Aircraft Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 26.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $-0.19 | $2.19 | x |
| 2022-12-31 | $-0.06 | $2.19 | x |
| 2023-12-31 | $-1.00 | $2.19 | x |
| 2024-12-31 | $0.24 | $2.19 | x |
| 2025-12-31 | $0.08 | $2.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently New Horizon Aircraft Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 200.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 3.25x
- Recent ROE (200.77%) is above the historical average (-22.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.52 Million |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.21 Million |
| 2023 | 0.00% | 0.00% | 0.00x | 0.00x | $-4.24 Million |
| 2024 | -315.06% | 0.00% | 0.00x | 3.25x | $-8.42 Million |
| 2025 | 200.77% | 0.00% | 0.00x | 3.25x | $4.94 Million |
Industry Comparison
This section compares New Horizon Aircraft Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,119,318,888
- Average return on equity (ROE) among peers: -2.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| New Horizon Aircraft Ltd (HOVR) | $19.29 Million | 0.00% | 0.55x | $99.13 Million |
| Archer Aviation Inc (ACHR) | $493.30 Million | -64.32% | 0.16x | $4.09 Billion |
| AAR Corp (AIR) | $1.21 Billion | 1.03% | 1.35x | $4.68 Billion |
| Air Industries Group (AIRI) | $-774.42K | 0.00% | 0.00x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $623.00 Million | -4.10% | 0.18x | $206.21 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $2.82 Billion |
| Astronics Corporation (ATRO) | $60.11 Million | -6.32% | 1.31x | $2.42 Billion |
| AeroVironment Inc (AVAV) | $382.19 Million | 3.43% | 0.13x | $8.46 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $1.01 Billion |
| Axon Enterprise Inc. (AXON) | $117.56 Million | -3.73% | 0.16x | $34.10 Billion |
| The Boeing Company (BA) | $4.74 Billion | 46.74% | 9.93x | $174.71 Billion |
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