The company's financial position is increasingly fragile, characterized by a sharp decline in total assets to $18.2M and an equity base that has eroded to $3.7M as of 2025Q2.
| Total Current Assets | 12.08M | 10.28M | 10.97M | 25.58M | 34.59M | 13.47M | 17.32M |
| Cash & Short-Term Investments | 4.88M | 4.96M | 2.92M | 1.54M | 19.53M | 10.35M | 15.33M |
| Cash Only | 4.88M | 4.96M | 2.92M | 1.54M | 9.53M | 10.35M | 15.33M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 10M | 0 | 0 |
| Accounts Receivable | 7.04M | 4.99M | 7.12M | 16.41M | 7.24M | 2.86M | 1.73M |
| Days Sales Outstanding | 100.63 | 105.91 | 113.7 | 139.27 | 103.34 | 60.3 | 51.24 |
| Inventory | 0 | 0 | 1.26K | 0 | 7.81M | 0 | 0 |
| Days Inventory Outstanding | - | - | 0.02 | - | 58.3 | - | - |
| Other Current Assets | 141.98K | 136.35K | 404.29K | 5.62M | -262.59K | 0 | 91.17K |
| Total Non-Current Assets | 6.16M | 6.09M | 10.93M | 31.88M | 24.75M | 11.29M | 8.29M |
| Property, Plant & Equipment | 651.43K | 690.41K | 1.24M | 2.09M | 4.71M | 1.37M | 1.53M |
| Fixed Asset Turnover | 23.42x | 24.92x | 18.49x | 20.61x | 5.43x | 12.61x | 8.07x |
| Goodwill | 0 | 0 | 0 | 0 | 4.42M | 0 | 0 |
| Intangible Assets | 92.9K | 106.26K | 225.78K | 10.53M | 988.41K | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 553.03K | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 1.52K | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 18.23M | 16.37M | 21.9M | 57.46M | 59.34M | 24.76M | 25.61M |
| Asset Turnover | 1.13x | 1.05x | 1.04x | 0.75x | 0.43x | 0.70x | 0.48x |
| Asset Growth % | -59.58% | -25.25% | -61.9% | -3.16% | 139.69% | -3.33% | - |
| Total Current Liabilities | 15.64M | 15.87M | 14.77M | 51.46M | 144.96M | 5.56M | 5.6M |
| Accounts Payable | 6.87M | 5.71M | 6.81M | 29.16M | 5.18M | 1.06M | 1.36M |
| Days Payables Outstanding | 190.74 | 153.59 | 132.67 | 218.37 | 38.62 | 14.61 | 14.66 |
| Short-Term Debt | 17.23K | 158.2K | 640.7K | 751.01K | 75.15M | 0 | 0 |
| Deferred Revenue (Current) | 18.03K | 5.69K | 1.21M | 7.43M | 3.99M | 2.52M | 710.15K |
| Other Current Liabilities | 4.57M | 5.17M | 4.97M | 11.81M | 50.44M | 1.64M | 4.16M |
| Current Ratio | 0.77x | 0.65x | 0.74x | 0.50x | 0.24x | 2.42x | 3.09x |
| Quick Ratio | 0.77x | 0.65x | 0.74x | 0.50x | 0.18x | 2.42x | 3.09x |
| Cash Conversion Cycle | -90.11 | - | -18.95 | - | 123.02 | - | - |
| Total Non-Current Liabilities | 1.89M | 1.19M | 1.21M | 3.37M | 4.11M | 790.38K | 776.19K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 337.55K | 0 | 0 |
| Capital Lease Obligations | 2.26M | 440.18K | 1.02M | 1.59M | 2.96M | 625.86K | 776.19K |
| Deferred Tax Liabilities | 0 | 0 | 0 | -194.09K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.56M | 745.96K | 190.38K | 1.78M | 815.41K | 164.51K | 0 |
| Total Liabilities | 17.53M | 17.05M | 15.98M | 54.83M | 149.08M | 6.35M | 6.37M |
| Total Debt | 826.45K | 1.21M | 1.66M | 2.34M | 79.65M | 928.58K | 1.15M |
| Net Debt | -4.05M | -3.75M | -1.26M | 804.78K | 70.12M | -9.42M | -14.19M |
| Debt / Equity | 1.17x | - | 0.28x | 0.89x | - | 0.05x | 0.06x |
| Debt / EBITDA | -0.18x | - | 0.12x | - | - | - | - |
| Net Debt / EBITDA | 0.87x | - | -0.09x | - | - | - | - |
| Interest Coverage | -24.33x | -207.15x | 98.89x | -22.04x | -58.95x | -385.87x | -579.36x |
| Total Equity | 706.88K | -687.95K | 5.91M | 2.63M | -89.74M | 18.41M | 19.24M |
| Equity Growth % | -18.19% | -111.63% | 124.97% | 102.93% | -587.43% | -4.3% | - |
| Book Value per Share | 0.07 | -0.08 | 0.54 | 0.55 | -18.93 | 3.88 | 4.06 |
| Total Shareholders' Equity | 3.68M | 2.28M | 8.95M | 6.82M | -89.8M | 18.41M | 4.81M |
| Common Stock | 24.91K | 24.75K | 16.98K | 13.9K | 8.53K | 88.88M | 15.63M |
| Retained Earnings | -339.41M | -339.85M | -329.51M | -332.56M | -216.07M | -74.65M | -11.23M |
| Treasury Stock | 0 | 0 | -507.68K | 0 | 0 | 0 | 0 |
| Accumulated OCI | -11.75M | -12.35M | -8.85M | -4.84M | 450.86K | 860.37K | -6.48K |
| Minority Interest | -2.97M | -2.97M | -3.04M | -4.19M | 66.38K | 0 | 0 |
Imminent liquidity exhaustion
As reported in recent financial statements, Swvl's total assets have declined significantly from $121.1M in 2022Q3 to $18.2M by 2025Q2, signaling a forced, rapid downsizing of the company's operational footprint as it attempts to navigate a period of severe financial distress and strategic pivot.
The dramatic reduction in the asset base suggests that the company has been liquidating or abandoning capital-intensive operations to preserve remaining resources. This trajectory indicates that the business is currently in a survival-oriented phase rather than a growth-oriented one, with the balance sheet shrinking faster than the company can achieve operational stability.
Based on the most recent quarterly filings, Swvl's cash and equivalents have dwindled to approximately $4.9M, which, when viewed alongside a current ratio of 0.77, suggests an extremely limited buffer against ongoing operating losses and potential short-term liabilities that may require immediate attention.
The current ratio below 1.0 indicates that the company's short-term obligations exceed its liquid assets, leaving little room for error in managing daily cash requirements. Investors should monitor whether the company can sustain its current operations without further dilutive financing or additional restructuring, as the current liquidity position appears precarious.
According to historical balance sheet data, Swvl's equity has plummeted from $49.4M in 2022Q3 to $3.7M in 2025Q2, a trend largely driven by persistent, massive accumulated deficits that now total approximately $339.4M, reflecting significant value destruction over the observed period.
The rapid depletion of equity highlights the impact of sustained operating losses on the company's capital structure. This erosion suggests that the company's ability to absorb further shocks is severely compromised, and the reliance on external capital to maintain even a minimal equity base warrants careful investigation by stakeholders.
As indicated by the provided financial data, the company's net PPE of $651.4K and minimal goodwill of $92.9K suggest that the asset base is largely devoid of tangible, high-value collateral, which may limit the company's ability to secure traditional debt financing during this period of instability.
The lack of significant tangible assets implies that the company's value is almost entirely dependent on its intangible software and operational network, which are difficult to monetize in a distressed scenario. This composition makes the balance sheet highly sensitive to any impairment of its core technology or loss of its remaining market presence.
Quick answers to the most common questions about buying SWVL stock.
As of 2024, Swvl Holdings Corp. (SWVL) had total assets of $16.4M including $10.3M in current assets.
Swvl Holdings Corp. (SWVL) carries total debt of $1.2M, offset by $5.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Swvl Holdings Corp. (SWVL) has total shareholders' equity (book value) of $2.3M ($-0.08 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Swvl Holdings Corp. (SWVL) reported a current ratio of 0.65x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.