New Horizon Aircraft Ltd.

New Horizon Aircraft Ltd.verified

HOVR

Price:

$1.79

Market Cap:

$73.34M

New Horizon Aircraft Ltd., an aerospace engineering company, focuses on designing and developing the hybrid electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market primarily in the United States. It is developing 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 Lindsay, Canada.

Industry

Aerospace & Defense

IPO Date

2023-04-03

Stock Exchange

NASDAQ

Ticker

HOVR

The Current Ratio as of December 2025 (TTM) for New Horizon Aircraft Ltd. (HOVR) is 7.97

According to New Horizon Aircraft Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 7.97. This represents a change of 32.86% compared to the average of 6.00 of the last 4 quarters.

New Horizon Aircraft Ltd. (HOVR) Historical Current Ratio (quarterly & annually)

How has HOVR Current Ratio performed in the past?

The mean historical Current Ratio of New Horizon Aircraft Ltd. over the last ten years is 2.46. The current 7.97 Current Ratio has changed 32.29% with respect to the historical average. Over the past ten years (40 quarters), HOVR's Current Ratio was at its highest in in the August 2025 quarter at 7.97. The Current Ratio was at its lowest in in the September 2022 quarter at 0.

Quarterly (TTM)
Annual

Average

2.46

Median

1.83

Minimum

0.02

Maximum

6.16

New Horizon Aircraft Ltd. (HOVR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of New Horizon Aircraft Ltd. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.02%

Maximum Annual Current Ratio = 6.16

Minimum Annual Increase = 0%

Minimum Annual Current Ratio = 0.02

Quarterly (TTM)
Annual
YearCurrent RatioChange
20256.1676.16%
20233.502.02%
20230.16707.51%

New Horizon Aircraft Ltd. (HOVR) Average Current Ratio

How has HOVR Current Ratio performed in the past?

The current Current Ratio of New Horizon Aircraft Ltd. (HOVR) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

3.28

5-year avg

2.46

10-year avg

2.46

New Horizon Aircraft Ltd. (HOVR) Current Ratio vs. Peers

How is HOVR’s Current Ratio compared to its peers?

New Horizon Aircraft Ltd.’s Current Ratio is greater than Safe Pro Group Inc. Common Stock (7.60), greater than Coda Octopus Group, Inc. (0), greater than Mastech Digital, Inc. (3.07), greater than DHI Group, Inc. (0.42), greater than Bridger Aerospace Group Holdings, Inc. Common Stock (3.95), greater than BUUU Group Limited Class A Ordinary Share (2.00), greater than NN, Inc. (1.87), greater than BingEx Limited (2.21), greater than VirTra, Inc. (4.40), greater than Evolv Technologies Holdings, Inc. (1.27),

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