Is New Horizon Aircraft Ltd. (HOVR) Halal?
Shariah Screening — 5 Standards
Based on financial data from May 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 8.9% / 30% | 0.1% / 30% | N/A | ✓ HALAL |
| DJIM | 0.0% / 33% | 8.9% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| MSCI | 0.4% / 33% | 89.7% / 33% | 1.1% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 8.9% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| FTSE | 0.4% / 33% | 89.7% / 33% | 1.1% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -513.4% | |
| Return on Assets (ROA) | -84.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$9M |
| Free Cash Flow | -$9M |
| Total Debt | $30,000 |
| Debt-to-Equity | 0.1 |
| Current Ratio | 6.5 |
| Total Assets | $8M |
Price & Trading
| Last Close | $1.36 |
| 50-Day MA | $1.90 |
| 200-Day MA | $1.92 |
| Avg Volume | 876K |
| Beta | 2.9 |
|
52-Week Range
$0.35
| |
About New Horizon Aircraft Ltd. (HOVR)
New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the 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.
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Frequently Asked Questions
Is New Horizon Aircraft Ltd. (HOVR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), New Horizon Aircraft Ltd. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is New Horizon Aircraft Ltd.'s debt ratio?
New Horizon Aircraft Ltd.'s debt ratio is 0.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 0.4%.
What are New Horizon Aircraft Ltd.'s key financial metrics?
New Horizon Aircraft Ltd. has a market capitalization of $59M. Return on equity stands at -513.4%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.