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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

First Watch Restaurant (FWRG) Debt to Equity (2020 - 2025)

First Watch Restaurant (FWRG) has 6 years of Debt to Equity data on record, last reported at $0.41 in Q3 2025.

  • For Q3 2025, Debt to Equity rose 28.42% year-over-year to $0.41; the TTM value through Sep 2025 reached $0.41, up 28.42%, while the annual FY2024 figure was $0.32, 48.88% up from the prior year.
  • Debt to Equity reached $0.41 in Q3 2025 per FWRG's latest filing, roughly flat from $0.42 in the prior quarter.
  • Across five years, Debt to Equity topped out at $0.9 in Q3 2021 and bottomed at $0.16 in Q3 2023.
  • Average Debt to Equity over 5 years is $0.29, with a median of $0.21 recorded in 2023.
  • Peak YoY movement for Debt to Equity: tumbled 79.49% in 2022, then soared 97.59% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $0.2 in 2021, then decreased by 8.49% to $0.18 in 2022, then grew by 17.91% to $0.21 in 2023, then surged by 48.88% to $0.32 in 2024, then surged by 30.4% to $0.41 in 2025.
  • Per Business Quant database, its latest 3 readings for Debt to Equity were $0.41 in Q3 2025, $0.42 in Q2 2025, and $0.32 in Q1 2025.