New Horizon Aircraft Ltd. (HOVR) Key Metrics
HOVR key metrics, 2021–2025
Fiscal year ended December 31, 2025 · Canadian dollarsHOVR returns How much profit the business earns on the capital it uses.
HOVR financial health Debt, liquidity and how easily interest is covered.
HOVR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HOVR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HOVR key metrics in Canadian dollars
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Returns & profitability | |||||
| Return on invested capital (ROIC) | — | — | — | −119.4% | −144.5% |
| Return on assets (ROA) | 63.1% | −165.0% | −190.0% | −96.8% | −141.9% |
| Return on tangible assets | 45.9% | −170.3% | −126.0% | −88.3% | −141.9% |
| Income quality (OCF / net income) | −2.46 | — | — | — | — |
| Financial health | |||||
| Total debt | C$41,165 | C$74,000 | C$74,000 | C$1.6M | C$2.3M |
| Cash & short-term investments | C$10.4M | C$1.8M | C$1.8M | C$227,969 | C$4,322 |
| Net debt | −C$10.3M | −C$1.7M | −C$1.7M | C$1.4M | C$2.3M |
| Debt / equity | 0.01 | — | — | — | — |
| Debt / assets | 0.00 | 0.01 | 0.01 | 1.14 | 1.94 |
| Net debt / EBITDA | −1.93 | — | — | — | — |
| Current ratio | 6.16 | 3.50 | 3.50 | 0.16 | 0.02 |
| Quick ratio | 6.16 | 3.50 | 5.56 | 0.16 | 0.02 |
| Interest coverage | — | -28.1 | — | -19.7 | -827.5 |
| Working capital | C$9.4M | C$3.3M | C$3.3M | −C$1.2M | −C$327,626 |
| Invested capital | −C$6.8M | −C$19.7M | −C$19.7M | C$963,265 | C$972,872 |
| Tangible asset value | C$3.3M | −C$18.1M | −C$18.1M | −C$413,492 | −C$1.3M |
| Net current asset value | C$3.2M | −C$18.2M | −C$18.2M | −C$1.6M | −C$2.4M |
| Capital allocation | |||||
| Capex / depreciation | 1.41 | 3.73 | 3.73 | 2.87 | 5.38 |
| Efficiency | |||||
| Days payables outstanding | — | — | — | 145.0 | 95.2 |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Payables turnover | — | — | — | 2.52 | 3.84 |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average receivables | C$274,365 | C$417,000 | C$216,000 | C$7,500 | C$0 |
| Average payables | C$823,358 | C$715,000 | C$450,780 | C$173,234 | C$159,908 |
| Average inventory | — | — | −C$2.7M | — | — |
| Intangibles / total assets | 1.8% | 3.1% | 3.1% | 0.0% | 0.0% |
Computed from HOVR's annual financial statements (latest annual report filed August 22, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
HOVR valuation and financial ratios
It ended the year with C$0.0 million of debt and C$10.4 million in cash and short-term investments, a net cash position of C$10.3 million.
See the HOVR income statement, the HOVR chart for price history, or the HOVR stock overview for the latest quote and news.
HOVR key metrics FAQ
How much debt does New Horizon Aircraft have?
New Horizon Aircraft had total debt of C$0.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
What is New Horizon Aircraft's current ratio?
New Horizon Aircraft's current ratio was 6.16 at the end of fiscal 2025: current assets were 6.16 times current liabilities.