First Watch Restaurant (FWRG) Interest Coverage Ratio (2020 - 2026)
First Watch Restaurant (FWRG) posted quarterly Interest Coverage Ratio of 0.06 for Q1 2026, down 16.53% year-over-year from 0.07 in Q1 2025, and up 115.29% quarter-over-quarter from 0.37 in Q4 2025.
First Watch Restaurant (FWRG) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
First Watch Restaurant's Interest Coverage Ratio history runs 7 years deep, the most recent figure standing at 0.06 for Q1 2026.
- In Q1 2026, Interest Coverage Ratio fell 16.53% year-over-year to 0.06; the TTM figure through Mar 2026 stood at 1.47 (up 70.6% YoY), while the FY2025 annual figure was 0.46, down 32.12% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 0.06, up from 0.37 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 4.86 in Q2 2024, with the low at 0.37 in Q4 2025.
- The 5-year median for Interest Coverage Ratio is 0.47 (2025), against an average of 1.08.
- The sharpest annual moves came in 2024 and 2025: Interest Coverage Ratio jumped 14525.05% in 2024, then tumbled 186.67% in 2025.
- First Watch Restaurant's Interest Coverage Ratio stood at 0.85 in 2022, then slumped by 80.88% to 0.16 in 2023, then jumped by 163.21% to 0.43 in 2024, then sank by 186.67% to 0.37 in 2025, then jumped by 115.29% to 0.06 in 2026.
- Business Quant data shows FWRG's Interest Coverage Ratio at 0.06 in Q1 2026, 0.37 in Q4 2025, and 0.47 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 193.05 Bn | 192.23 Bn | 6.42 Bn | 8.16 |
| 2 | Starbucks | 122.77 Bn | 119.16 Bn | 6.49 Bn | 0.09 |
| 3 | Chipotle Mexican Grill | 42.40 Bn | 41.73 Bn | 2.35 Bn | 3.67 |
| 4 | Yum Brands | 40.42 Bn | 39.75 Bn | 1.47 Bn | 4.09 |
| 5 | Restaurant Brands International | 27.11 Bn | 27.59 Bn | 1.89 Bn | 6.07 |
| 6 | Darden Restaurants | 25.70 Bn | 25.48 Bn | 3.68 Bn | 1.70 |
| 7 | Restaurant Brands International Limited Partnership | 17.24 Bn | 16.18 Bn | 1.89 Bn | 5.77 |
| 8 | Yum China Holdings | 16.42 Bn | 15.74 Bn | 2.22 Bn | 0.14 |
| 9 | Texas Roadhouse | 13.58 Bn | 13.40 Bn | 1.44 Bn | 544.99 |
| 10 | First Watch Restaurant | 784.98 Mn | 764.50 Mn | 272.08 Mn | 0.87 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 28, 2026 | 0.87 |
| Mar 29, 2026 | 0.06 |
| Dec 28, 2025 | -0.37 |
| Sep 28, 2025 | 0.47 |
| Jun 29, 2025 | 0.33 |
| Mar 30, 2025 | 0.07 |
| Dec 29, 2024 | 0.43 |
| Sep 29, 2024 | 1.83 |
| Jun 30, 2024 | 4.86 |
| Mar 31, 2024 | 0.87 |
| Dec 31, 2023 | 0.16 |
| Sep 24, 2023 | 0.13 |
| Jun 25, 2023 | 0.03 |
| Mar 26, 2023 | 1.56 |
| Dec 25, 2022 | 0.85 |
| Sep 25, 2022 | 1.92 |
| Jun 26, 2022 | 4.49 |
| Mar 27, 2022 | 0.73 |
| Dec 26, 2021 | -0.74 |
| Sep 26, 2021 | 1.18 |