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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 - 2026)

First Watch Restaurant has reported Debt to Equity over the past 7 years, most recently at $0.43 for Q1 2026.

  • For Q1 2026, Debt to Equity rose 33.39% year-over-year to $0.43; the TTM value through Mar 2026 reached $0.43, up 33.39%, while the annual FY2025 figure was $0.43, 35.69% up from the prior year.
  • Debt to Equity for Q1 2026 was $0.43 at First Watch Restaurant, roughly flat from $0.43 in the prior quarter.
  • Over five years, Debt to Equity peaked at $0.43 in Q4 2025 and troughed at $0.16 in Q3 2023.
  • A 5-year average of $0.27 and a median of $0.21 in 2024 define the central range for Debt to Equity.
  • Biggest five-year swings in Debt to Equity: tumbled 79.49% in 2022 and later soared 97.59% in 2024.
  • Year by year, Debt to Equity stood at $0.18 in 2022, then rose by 17.91% to $0.21 in 2023, then skyrocketed by 48.88% to $0.32 in 2024, then soared by 35.69% to $0.43 in 2025, then decreased by 0.48% to $0.43 in 2026.
  • Business Quant data shows Debt to Equity for FWRG at $0.43 in Q1 2026, $0.43 in Q4 2025, and $0.41 in Q3 2025.