First Watch Restaurant (FWRG) Debt Ratio (2020 - 2026)

First Watch Restaurant's Debt Ratio history runs 7 years deep, the most recent figure standing at 0.16 for Q1 2026.

• On a quarterly basis, Debt Ratio rose 21.67% year-over-year to 0.16 in Q1 2026; TTM through Mar 2026 was 0.16, a 21.67% increase from a year earlier, with the FY2025 full-year figure at 0.16, up 23.81% from the prior year.
• Debt Ratio slipped to 0.16 in Q1 2026 per FWRG's latest filing, from 0.16 in the prior quarter.
• Across five years, Debt Ratio topped out at 0.16 in Q4 2025 and bottomed at 0.08 in Q3 2023.
• The 5-year median for Debt Ratio is 0.1 (2023), against an average of 0.12.
• Across the five-year window, Debt Ratio tumbled 66.79% in 2022 and jumped 63.9% in 2024, its largest moves.
• Year by year, Debt Ratio stood at 0.09 in 2022, then climbed by 8.3% to 0.1 in 2023, then jumped by 32.29% to 0.13 in 2024, then advanced by 23.81% to 0.16 in 2025, then fell by 1.9% to 0.16 in 2026.
• Per Business Quant, the three latest FWRG Debt Ratio figures stand at 0.16 (Q1 2026), 0.16 (Q4 2025), and 0.15 (Q3 2025).