What is New Horizon Aircraft's change in lease liabilities?

New Horizon Aircraft (HOVR) reported change in lease liabilities of $4K in Q1 2025.

What does change in lease liabilities mean?

Cash payments for operating leases reducing the lease liability, partially offset by new lease commencements.

New Horizon Aircraft HOVR Change in Lease Liabilities

Change in Lease Liabilities at other companies

Archer AviationACHR

-$300K+70.0%

Surf Air MobilitySRFM

-$820K+42.9%

AIRO Group Holdings, Inc. Common StockAIRO

-$314K-324%

Loar HoldingsLOAR

-$259K-58.9%

Other financials

Income statement

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Operating income-$7.6M-114%

Net income-$6.9M-39.6%

EPS (diluted)-$0.16+5.9%

Balance sheet

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Cash & equivalents$19.7M+114%

Total debt$89.0K+154%

Total equity$14.1M+102%

Total assets$21.9M+112%

Cash flow

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Operating cash flow-$6.8M-160%

CapEx$140.0K+53.8%

Free cash flow-$7.0M-156%

Valuation

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Market cap$119.82M+153%

Enterprise value$100.24M+151%

Returns & leverage

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Return on equity-297.2%—

Debt / equity0×0.0×

Current ratio14.8×+7.7×

Where this comes from

Reported directly by New Horizon Aircraft in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInOperatingLeaseLiability.

The official record: New Horizon Aircraft’s 10-K, filed August 22, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is New Horizon Aircraft's change in lease liabilities?: New Horizon Aircraft (HOVR) reported change in lease liabilities of $4K in Q1 2025.
What does change in lease liabilities mean?: Cash payments for operating leases reducing the lease liability, partially offset by new lease commencements.