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New Horizon Aircraft Ltd
NASDAQ:HOVR

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New Horizon Aircraft Ltd
NASDAQ:HOVR
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Price: 2.19 USD -3.1% Market Closed
Market Cap: $96.9m

Bankruptcy Probability

New Horizon Aircraft Ltd's probability of bankruptcy is 2.3%, pointing to a small but noticeable default risk. The solvency score is 61/100 — a warning sign of potential financial weakness.

We take all the information about a company's solvency, such as how easily it can pay interest on outstanding debt, how much cash it has, the amount of debt, and more, and use it to estimate the probability of bankruptcy.

Moderate
Probability of Bankruptcy

Financial Position

Cash & Short-Term Investments
+
Dec 31, 2023 16.1k
Sep 30, 2023 68.3k
Jun 30, 2023 300k
Long-Term Investments
+
Dec 31, 2023 122m
Sep 30, 2023 121.5m
Jun 30, 2023 119.9m
Debt
+
Dec 31, 2023 175k
Sep 30, 2023 0
Jun 30, 2023 0

Solvency Ratios

Solvency Ratios Comparison
New Horizon Aircraft Ltd Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
CA
New Horizon Aircraft Ltd
NASDAQ:HOVR
96.9m USD
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US
Boeing Co
NYSE:BA
172.6B USD
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NL
Airbus SE
PAR:AIR
141.1B EUR
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US
Lockheed Martin Corp
NYSE:LMT
123.7B USD
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US
General Dynamics Corp
NYSE:GD
97.4B USD
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US
Northrop Grumman Corp
NYSE:NOC
78.2B USD
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UK
BAE Systems PLC
LSE:BA
57.3B GBP
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IT
Leonardo SpA
MIL:LDO
31B EUR
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SE
Saab AB
STO:SAAB B
280.7B SEK
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IN
Hindustan Aeronautics Ltd
NSE:HAL
2.8T INR
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FR
Dassault Aviation SA
PAR:AM
23B EUR
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No Stocks Found
Is New Horizon Aircraft Ltd at risk of bankruptcy?

New Horizon Aircraft Ltd's probability of bankruptcy is 2.3%, pointing to a small but noticeable default risk.

The probability of bankruptcy is estimated using credit risk models that assess financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does New Horizon Aircraft Ltd have?

As of the latest report, New Horizon Aircraft Ltd has total debt of 175k USD. This includes both short-term (175k USD) and long-term (0 USD) debt.

You can find a full breakdown on its Balance Sheet.

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