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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) Interest Coverage Ratio (2020 - 2025)

First Watch Restaurant has reported Interest Coverage Ratio over the past 6 years, most recently at 1.88 for Q4 2025.

  • Quarterly results put Interest Coverage Ratio at 1.88 for Q4 2025, up 57.09% from a year ago — trailing twelve months through Dec 2025 was 1.65 (down 46.48% YoY), and the annual figure for FY2025 was 1.65, down 46.48%.
  • Interest Coverage Ratio for Q4 2025 was 1.88 at First Watch Restaurant, down from 2.2 in the prior quarter.
  • Over the last five years, Interest Coverage Ratio for FWRG hit a ceiling of 8.04 in Q1 2023 and a floor of 0.74 in Q4 2021.
  • Median Interest Coverage Ratio over the past 5 years was 1.94 (2022), compared with a mean of 2.88.
  • Biggest five-year swings in Interest Coverage Ratio: soared 1167.1% in 2022 and later plummeted 92.94% in 2025.
  • First Watch Restaurant's Interest Coverage Ratio stood at 0.74 in 2021, then surged by 215.09% to 0.85 in 2022, then skyrocketed by 254.71% to 3.02 in 2023, then crashed by 60.26% to 1.2 in 2024, then surged by 57.09% to 1.88 in 2025.
  • The last three reported values for Interest Coverage Ratio were 1.88 (Q4 2025), 2.2 (Q3 2025), and 1.83 (Q2 2025) per Business Quant data.