New Horizon Aircraft Ltd (HOVR) - Total Liabilities
Based on the latest financial reports, New Horizon Aircraft Ltd (HOVR) has total liabilities worth $10.62 Million USD as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Also explore New Horizon Aircraft Ltd net asset momentum to track the company's year-over-year net asset growth rate.
New Horizon Aircraft Ltd - Total Liabilities Trend (2021–2025)
This chart illustrates how New Horizon Aircraft Ltd's total liabilities have evolved over time, based on quarterly financial data. See HOVR FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
New Horizon Aircraft Ltd Competitors by Total Liabilities
The table below lists competitors of New Horizon Aircraft Ltd ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Sera Prognostics Inc
NASDAQ:SERA
|
USA | $25.92 Million |
|
IBU tec advanced materials AG
XETRA:IBU
|
Germany | €16.58 Million |
|
NOMAD Power Solutions, Inc.
NASDAQ:NMAD
|
USA | $1.69 Million |
|
Freeman Gold Corp
V:FMAN
|
Canada | CA$1.40 Million |
|
Enex Co.Ltd
KO:011090
|
Korea | ₩86.81 Billion |
|
Mason Capital Corporation
KQ:021880
|
Korea | ₩13.70 Billion |
|
BEML LAND ASSETS LTD
NSE:BLAL
|
India | Rs121.00 Million |
|
Shanghai Lingang Holdings Co Ltd B
SHG:900928
|
China | $57.66 Billion |
Liability Composition Analysis (2021–2025)
This chart breaks down New Horizon Aircraft Ltd's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see New Horizon Aircraft Ltd (HOVR) total market value.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 14.81 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.55 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.36 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how New Horizon Aircraft Ltd's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for New Horizon Aircraft Ltd (2021–2025)
The table below shows the annual total liabilities of New Horizon Aircraft Ltd from 2021 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-12-31 | $5.82 Million | 0.00% |
| 2024-12-31 | $5.82 Million | -74.55% |
| 2023-12-31 | $22.88 Million | +1153.49% |
| 2022-12-31 | $1.83 Million | -25.26% |
| 2021-12-31 | $2.44 Million | -- |
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