Is New Horizon Aircraft going out of business?

New Horizon Aircraft Ltd. (HOVR) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

New Horizon Aircraft Ltd. (HOVR) scores 16 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: Shares dilution YoY: 72.18% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.

Five questions, kept separate

Survival - Fragile

45+ mo of estimated runway from 2026-05-31, based on $56.9M of cash and short-term investments against $12.7M of annual burn. A disclosed filing event caps this reading; Event Risk carries the detail.

Business quality - Evidence incomplete

Only 35% of the Business Quality model is covered; the partial component result is not a company-level verdict.

Trajectory - Evidence incomplete

Comparable evidence covers 0% of this trajectory model. No comparable revenue evidence.

Valuation - Extreme expectations

-6.2% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Critical event risk

Going-Concern Warning is the decisive filing event; one adverse event family is active. It appears across 2 scanned filings. Favorable events are shown separately and do not offset adverse risk.

What the rules read

• Shares dilution YoY: 72.18% (YoY) - Heavy dilution suggests continuous equity raises; survival depends on external capital.
• Debt / Equity: -1.10x (Net Cash)
• ROE quality: -46.54%
• Filing event risk: Going-Concern Warning (-8 pts)
• Return on Assets: -39.50%
• Price / Earnings: Unprofitable (see Valuation)
• Effective Tax Rate: 0.00% (loss-making)

Read from filings through 2026-09-04.

Price as of 2026-09-11.