Swvl Holdings (Swvl Holdings) Long-Term Capital Lease Obligation : $1.39 Mil (As of Jun. 2023)

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What is Swvl Holdings Long-Term Capital Lease Obligation?

Swvl Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.39 Mil.

Swvl Holdings's quarterly Long-Term Capital Lease Obligation declined from Sep. 2022 ($3.71 Mil) to Dec. 2022 ($1.59 Mil) and declined from Dec. 2022 ($1.59 Mil) to Jun. 2023 ($1.39 Mil).

Swvl Holdings's annual Long-Term Capital Lease Obligation increased from Dec. 2020 ($0.63 Mil) to Dec. 2021 ($2.96 Mil) but then declined from Dec. 2021 ($2.96 Mil) to Dec. 2022 ($1.59 Mil).

Swvl Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Swvl Holdings's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Swvl Holdings Long-Term Capital Lease Obligation Chart

Swvl Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Long-Term Capital Lease Obligation

0.04

0.78

0.63

2.96

1.59

Swvl Holdings Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial					2.96	2.78	3.71	1.59	1.39

Swvl Holdings (NAS:SWVL) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Swvl Holdings (Swvl Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Swvl Holdings Corp (NAS:SWVL) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Offices 4, One Central, Dubai World Trade Centre, Dubai, ARE

Website

https://www.swvl.com

Swvl Holdings Corp is a technology-driven mobility company that aims to provide reliable, safe, cost-effective and environmentally responsible mass transit solutions. Its technology and services provide commuters, travelers and businesses with an alternative to traditional public transportation, taxi companies or other ridesharing companies. The company's core product is B2C Swvl Retail offering, which provides riders with a network of minibuses and other vehicles running on fixed or semi-fixed routes within cities. Commuters use its Swvl mobile application to book rides between pre-defined pick-up points located throughout the city.