First Watch Restaurant (FWRG) Interest Coverage Ratio (2020 - 2026)

First Watch Restaurant has reported Interest Coverage Ratio for 7 years, with the latest figure at 0.21 in Q1 2026.

• For the quarter ending Q1 2026, Interest Coverage Ratio fell 37.37% year-over-year to 0.21; the trailing twelve-month figure through Mar 2026 stood at 1.51 (down 27.18% YoY), and the FY2025 full-year result was 1.65, down 46.48% from the prior year.
• Interest Coverage Ratio for Q1 2026 stood at 0.21, down from 1.88 in the prior quarter.
• The five-year high for Interest Coverage Ratio was 8.04 in Q1 2023, with the low at 0.21 in Q1 2026.
• Average Interest Coverage Ratio over 5 years is 3.23, with a median of 2.2 recorded in 2025.
• Year-over-year, Interest Coverage Ratio soared 1167.1% in 2022 and tumbled 92.94% in 2025.
• Tracing FWRG's Interest Coverage Ratio over 5 years: stood at 0.85 in 2022, then jumped by 254.71% to 3.02 in 2023, then slumped by 60.26% to 1.2 in 2024, then surged by 57.09% to 1.88 in 2025, then slumped by 88.9% to 0.21 in 2026.
• The last three Interest Coverage Ratio figures came in at 0.21 (Q1 2026), 1.88 (Q4 2025), and 2.2 (Q3 2025), per Business Quant data.

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