Swvl Holdings Corp. (SWVL) Balance Sheet
SWVL balance sheet, 2025
December 31, 2025 · U.S. dollars$20.0M assets = $17.1M liabilities + $2.9M equity
Both columns are drawn to the same scale: what SWVL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SWVL financial health
Descriptive bands, not a rating. Fiscal 2025.
SWVL balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.5M2018 | $20.0M2025 | +8.3%/yr | |
| Total liabilities | $5.1M2018 | $17.1M2025 | +18.7%/yr | |
| Shareholders’ equity | $6.4M2018 | $5.9M2025 | −1.0%/yr | |
| Cash & short-term investments | $8.5M2018 | $4.4M2025 | −9.0%/yr | |
| Total debt | $65,1302018 | $1.9M2025 | +62.3%/yr | |
| Net cash (debt) | $8.5M2018 | $2.5M2025 | −$6.0M | |
| Working capital | $4.9M2018 | −$3.1M2025 | −$7.9M | |
| Book value per share | $1.012019 | $0.552025 | −9.7%/yr | |
| Current ratio | 1.962018 | 0.802025 | −1.16 | |
| Debt / equity | 0.012018 | 0.332025 | +0.32 | |
| Shares outstanding | 4.7M2019 | 10.8M2025 | +14.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SWVL assets
SWVL liabilities and equity
SWVL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SWVL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $4.4M | $5.0M | $2.9M | $1.5M | $19.5M | $10.3M | $15.3M | $8.5M |
| Cash & equivalents | $4.4M | $5.0M | $2.9M | $1.5M | $9.5M | $10.3M | $15.3M | $8.5M |
| Short-term investments | — | — | — | $0 | $10.0M | $0 | — | — |
| Receivables | $7.7M | $5.0M | $7.1M | $7.9M | $7.2M | $2.9M | $1.7M | $1.5M |
| Inventory | $0 | $0 | $1,261 | $0 | $7.8M | $1 | $1 | $0 |
| Other current assets | $352,138 | $328,559 | $922,208 | $16.1M | $9,722 | $260,760 | $255,076 | $0 |
| Total current assets | $12.5M | $10.3M | $11.0M | $25.6M | $34.6M | $13.5M | $17.3M | $10.0M |
| Property, plant & equipment (net) | $1.4M | $690,414 | $1.2M | $2.1M | $4.7M | $1.4M | $1.5M | $117,181 |
| Goodwill & intangible assets | $684,441 | $106,262 | $225,776 | $10.5M | $5.4M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.5M | $5.3M | $9.5M | $19.3M | $14.6M | $9.9M | $6.8M | $1.4M |
| Total assets | $20.0M | $16.4M | $21.9M | $57.5M | $59.3M | $24.8M | $25.6M | $11.5M |
| Liabilities | ||||||||
| Accounts payable | $6.8M | $5.7M | $6.8M | $29.2M | $5.2M | $1.1M | $1.4M | $3.9M |
| Short-term debt | $930,576 | $765,084 | $640,695 | — | $76.3M | $302,719 | $371,123 | $26,703 |
| Deferred revenue | $694,134 | $5,690 | $1.2M | — | $4.0M | $2.5M | $710,153 | — |
| Total current liabilities | $15.5M | $15.9M | $14.8M | $51.5M | $145.0M | $5.6M | $5.6M | $5.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $337,545 | $0 | $0 | $0 |
| Lease obligations | $1.5M | $1.0M | $1.7M | $2.3M | $4.2M | $928,583 | $1.1M | $65,130 |
| Other long-term liabilities | $1.6M | $1.2M | $1.2M | $3.4M | $3.8M | $790,375 | $776,186 | $38,427 |
| Total liabilities | $17.1M | $17.1M | $16.0M | $54.8M | $149.1M | $6.3M | $6.4M | $5.1M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $24,910 | $24,746 | $16,979 | — | $8,529 | $88.9M | $15.6M | $16.0M |
| Retained earnings (deficit) | −$338.5M | −$339.8M | −$329.5M | −$332.6M | −$216.1M | −$74.7M | −$11.2M | −$9.7M |
| Accumulated other comprehensive income | −$10.4M | −$12.3M | −$8.9M | — | $450,863 | $860,374 | −$6,482 | $14,183 |
| Minority interest | −$3.0M | −$3.0M | −$3.0M | −$4.2M | — | — | — | — |
| Total shareholders' equity | $5.9M | $2.3M | $9.0M | $6.8M | −$89.8M | $18.4M | $4.8M | $6.4M |
| Key figures | ||||||||
| Total debt | $1.9M | $1.2M | $1.7M | — | $79.6M | $928,583 | $1.1M | $65,130 |
| Net cash (debt) | $2.5M | $3.8M | $1.3M | — | −$60.1M | $9.4M | $14.2M | $8.5M |
| Working capital | −$3.1M | −$5.6M | −$3.8M | −$25.9M | −$110.4M | $7.9M | $11.7M | $4.9M |
| Tangible book value | $5.2M | $2.2M | $8.7M | −$3.7M | −$95.2M | $18.4M | $4.8M | $6.4M |
| Book value per share | $0.55 | $0.26 | $0.81 | $1.23 | −$18.95 | $3.88 | $1.01 | — |
| Shares outstanding | 10.8M | 8.7M | 11.0M | 5.6M | 4.7M | 4.7M | 4.7M | — |
| Current ratio | 0.80 | 0.65 | 0.74 | 0.50 | 0.24 | 2.42 | 3.09 | 1.96 |
| Quick ratio | 0.78 | 0.63 | 0.68 | 0.18 | 0.18 | 2.38 | 3.05 | 1.96 |
| Debt / equity | 0.33 | 0.53 | 0.19 | — | — | 0.05 | 0.24 | 0.01 |
| Equity / assets | 29.5% | 13.9% | 40.9% | 11.9% | −151.3% | 74.4% | 18.8% | 55.3% |
| Sep '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $2.1M | $2.1M | $4.4M | $4.9M | $4.9M | $5.0M | $5.0M | $1.2M | $1.2M | $2.9M | $2.9M | $376,768 |
| Cash & equivalents | $2.1M | $2.1M | $4.4M | $4.9M | $4.9M | $5.0M | $5.0M | $1.2M | $1.2M | $2.9M | $2.9M | $376,768 |
| Receivables | $7.8M | $7.8M | $6.1M | $7.0M | $5.9M | $2.7M | $4.0M | $3.6M | $3.6M | $2.4M | $5.0M | $6.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.2M | $0 | $1 | −$1.8M |
| Other current assets | $2.1M | $2.1M | $1.9M | $157,927 | $1.3M | $2.6M | $1.3M | $2.1M | $0 | $5.7M | $3.1M | $18.0M |
| Total current assets | $12.0M | $12.0M | $12.5M | $12.1M | $12.1M | $10.3M | $10.3M | $6.9M | $6.9M | $11.0M | $11.0M | $23.4M |
| Property, plant & equipment (net) | $1.2M | $1.2M | $1.4M | $651,427 | $651,427 | $690,414 | $690,414 | $907,314 | $907,314 | $1.2M | $1.2M | $1.5M |
| Goodwill & intangible assets | $939,055 | $939,055 | $684,441 | $92,900 | $92,900 | $106,262 | $106,262 | $129,052 | $129,052 | $225,776 | $225,776 | $179,480 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.3M | $5.3M | $5.5M | $5.4M | $5.4M | $5.3M | $5.3M | $6.1M | $6.1M | $9.5M | $9.5M | $9.6M |
| Total assets | $19.4M | $19.4M | $20.0M | $18.2M | $18.2M | $16.4M | $16.4M | $14.1M | $14.1M | $21.9M | $21.9M | $34.7M |
| Liabilities | ||||||||||||
| Accounts payable | $6.7M | $6.7M | $6.8M | $6.9M | $9.5M | $5.7M | $5.7M | $6.8M | $6.8M | $6.8M | $6.8M | $12.2M |
| Short-term debt | $989,000 | $989,000 | $930,576 | $502,758 | $502,758 | — | $765,084 | $502,834 | $515,040 | — | $772,218 | $736,346 |
| Deferred revenue | — | — | — | $5,824 | $5,690 | — | — | $12,206 | $18,935 | — | $1.8M | $1.2M |
| Total current liabilities | $15.8M | $15.8M | $15.5M | $15.6M | $15.6M | $15.9M | $15.9M | $15.3M | $15.3M | $14.8M | $14.8M | $26.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | $809,220 | — | $1.0M | — | $1.3M | — | $1.7M | — | $2.0M |
| Other long-term liabilities | $1.3M | $1.3M | $1.6M | $1.9M | $1.9M | $1.2M | $1.2M | $917,945 | $917,945 | $1.2M | $1.2M | $2.8M |
| Total liabilities | $17.1M | $17.1M | $17.1M | $17.5M | $17.5M | $17.1M | $17.1M | $16.2M | $16.2M | $16.0M | $16.0M | $29.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $24,910 | $24,910 | $24,910 | $24,912 | $24,912 | — | $24,746 | $22,985 | $22,985 | — | $16,979 | $16,955 |
| Retained earnings (deficit) | −$339.1M | −$339.1M | −$338.5M | −$339.4M | −$339.4M | −$339.8M | −$339.8M | −$335.2M | −$335.2M | −$329.5M | −$329.5M | −$330.5M |
| Accumulated other comprehensive income | −$9.9M | −$9.9M | −$9.8M | −$11.7M | −$11.1M | — | −$11.8M | −$13.6M | −$13.6M | — | −$8.9M | −$7.4M |
| Minority interest | — | — | — | −$3.0M | — | −$3.0M | — | — | — | — | — | — |
| Total shareholders' equity | $5.3M | $5.3M | $5.9M | $3.7M | $3.7M | $2.3M | $2.3M | $909,543 | $909,543 | $9.0M | $9.0M | $8.1M |
| Key figures | ||||||||||||
| Total debt | $1.9M | $1.9M | $1.9M | $826,446 | $809,220 | — | $1.2M | $1.3M | $1.3M | — | $1.8M | $2.1M |
| Net cash (debt) | $203,969 | $203,969 | $2.5M | $4.1M | $4.1M | — | $3.8M | −$140,602 | −$140,602 | — | $1.1M | −$1.8M |
| Working capital | −$3.8M | −$3.8M | −$3.1M | −$3.6M | −$3.6M | −$5.6M | −$5.6M | −$8.4M | −$8.4M | −$3.8M | −$3.8M | −$3.4M |
| Tangible book value | $4.3M | $4.3M | $5.2M | $3.6M | $3.6M | $2.2M | $2.2M | $780,491 | $780,491 | $8.7M | $8.7M | $7.9M |
| Book value per share | $0.53 | $0.53 | — | $0.34 | $0.37 | $0.23 | — | $0.11 | $0.11 | $1.32 | $0.93 | $0.97 |
| Shares outstanding | 10.0M | 10.0M | — | 10.8M | 9.9M | 9.9M | — | 8.5M | 8.5M | 6.8M | 9.7M | 8.3M |
| Current ratio | 0.76 | 0.76 | 0.80 | 0.77 | 0.77 | 0.65 | 0.65 | 0.45 | 0.45 | 0.74 | 0.74 | 0.87 |
| Quick ratio | 0.63 | 0.63 | 0.68 | 0.76 | 0.69 | 0.48 | 0.56 | 0.31 | 0.31 | 0.36 | 0.53 | 0.27 |
| Debt / equity | 0.36 | 0.36 | 0.33 | 0.22 | 0.22 | — | 0.53 | 1.45 | 1.45 | — | 0.20 | 0.26 |
| Equity / assets | 27.2% | 27.2% | 29.5% | 20.2% | 20.2% | 13.9% | 13.9% | 6.5% | 6.5% | 40.9% | 40.9% | 23.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 20, 2026); data from EODHD.
SWVL financial position
At the end of fiscal 2025 (December 31, 2025), Swvl had total assets of $20.0 million (up 22.5% from a year earlier), total liabilities of $17.1 million and shareholders' equity of $5.9 million. It held $4.4 million in cash and short-term investments against $1.9 million of debt, a net cash position of $2.5 million. Its current ratio was 0.80. In the latest quarter (ended September 30, 2026) total assets were $19.4 million and equity $5.3 million.
Related: SWVL income statement, SWVL cash flow statement, SWVL key metrics. See the SWVL stock overview for the latest quote and news.
SWVL balance sheet FAQ
What are Swvl's total assets?
Swvl reported total assets of $20.0 million at the end of fiscal 2025 (December 31, 2025), compared with $16.4 million a year earlier.
How much debt does Swvl have?
Swvl had $1.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.
How much cash does Swvl have?
Swvl held $4.4 million in cash and short-term investments at the end of fiscal 2025; with $1.9 million of debt that is net cash of $2.5 million.
What is Swvl's book value?
Swvl's shareholders' equity (book value) was $5.9 million at the end of fiscal 2025, or $0.55 per share.
What is Swvl's current ratio?
Swvl had current assets of $12.5 million and current liabilities of $15.5 million, a current ratio of 0.80 (current liabilities exceed current assets).
How much goodwill does Swvl have?
Swvl carried $0.7 million of goodwill and intangible assets, 3.4% of total assets, at the end of fiscal 2025.