First Watch Restaurant Group annual current ratio
2020
2021
2022
2023
2024
2025
First Watch Restaurant Group Current Ratio Growth & History (FWRG)
First Watch Restaurant Group's current ratio was 0.29 for fiscal 2025.
View full First Watch Restaurant Group company overviewFirst Watch Restaurant Group annual current ratio history
| Fiscal year | Period ended | Current ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-28 | 0.29 | −0.11 | −27.38% |
| 2024 | 2024-12-29 | 0.40 | −0.22 | −34.77% |
| 2023 | 2023-12-31 | 0.62 | −0.05 | −8.08% |
| 2022 | 2022-12-25 | 0.67 | −0.03 | −4.04% |
| 2021 | 2021-12-26 | 0.70 | 0.06 | +9.46% |
| 2020 | 2020-12-27 | 0.64 | — | — |
First Watch Restaurant Group quarterly current ratio
Q4.20
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Current ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | 0.27 | −0.00 | −1.50% |
| Q1 2026 | 2026-03-29 | 0.29 | −0.02 | −6.87% |
| Q4 2025 | 2025-12-28 | 0.29 | −0.11 | −27.38% |
| Q3 2025 | 2025-09-28 | 0.25 | −0.30 | −54.60% |
| Q2 2025 | 2025-06-29 | 0.27 | −0.30 | −52.17% |
| Q1 2025 | 2025-03-30 | 0.31 | −0.28 | −47.64% |
| Q4 2024 | 2024-12-29 | 0.40 | −0.22 | −34.77% |
| Q3 2024 | 2024-09-29 | 0.54 | 0.01 | +2.37% |
| Q2 2024 | 2024-06-30 | 0.57 | −0.21 | −27.20% |
| Q1 2024 | 2024-03-31 | 0.60 | −0.17 | −22.16% |
| Q4 2023 | 2023-12-31 | 0.62 | −0.05 | −8.08% |
| Q3 2023 | 2023-09-24 | 0.53 | −0.17 | −24.49% |
| Q2 2023 | 2023-06-25 | 0.78 | 0.03 | +3.33% |
| Q1 2023 | 2023-03-26 | 0.77 | 0.03 | +4.03% |
| Q4 2022 | 2022-12-25 | 0.67 | −0.03 | −4.04% |
| Q3 2022 | 2022-09-25 | 0.70 | −0.08 | −10.19% |
| Q2 2022 | 2022-06-26 | 0.75 | — | — |
| Q1 2022 | 2022-03-27 | 0.74 | — | — |
| Q4 2021 | 2021-12-26 | 0.70 | 0.06 | +9.46% |
| Q3 2021 | 2021-09-26 | 0.78 | — | — |
| Q4 2020 | 2020-12-27 | 0.64 | — | — |
First Watch Restaurant Group current ratio trends
Over the last five fiscal years, First Watch Restaurant Group's current ratio decreased from 0.64 to 0.29, a change of −0.35. The latest reported quarter, Q2 2026, shows 0.27.
About the metric
What the current ratio means
The current ratio compares short-term assets with obligations due within roughly one year. A higher ratio generally indicates more short-term balance-sheet coverage, but normal levels vary by industry and business model.
Calculation and source
How the current ratio is calculated
TickerStat calculates the current ratio as SEC-reported current assets divided by SEC-reported current liabilities for the same balance-sheet date. Periods without a positive current-liability value are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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