First Watch Restaurant Group annual debt-to-assets ratio
2020
2021
2022
2023
2024
2025
First Watch Restaurant Group Debt-to-Assets Ratio Growth & History (FWRG)
First Watch Restaurant Group's debt-to-assets ratio was 0.58 for fiscal 2025.
View full First Watch Restaurant Group company overviewFirst Watch Restaurant Group annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-28 | 0.58 | 0.04 | +8.31% |
| 2024 | 2024-12-29 | 0.53 | 0.06 | +11.59% |
| 2023 | 2023-12-31 | 0.48 | 0.02 | +4.57% |
| 2022 | 2022-12-25 | 0.46 | 0.01 | +1.70% |
| 2021 | 2021-12-26 | 0.45 | −0.18 | −28.85% |
| 2020 | 2020-12-27 | 0.63 | — | — |
First Watch Restaurant Group quarterly debt-to-assets 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 | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-28 | 0.59 | 0.02 | +3.05% |
| Q1 2026 | 2026-03-29 | 0.58 | 0.04 | +7.15% |
| Q4 2025 | 2025-12-28 | 0.58 | 0.04 | +8.31% |
| Q3 2025 | 2025-09-28 | 0.57 | 0.05 | +8.87% |
| Q2 2025 | 2025-06-29 | 0.57 | 0.05 | +9.79% |
| Q1 2025 | 2025-03-30 | 0.54 | 0.06 | +13.44% |
| Q4 2024 | 2024-12-29 | 0.53 | 0.06 | +11.59% |
| Q3 2024 | 2024-09-29 | 0.52 | 0.06 | +12.71% |
| Q2 2024 | 2024-06-30 | 0.52 | 0.07 | +15.03% |
| Q1 2024 | 2024-03-31 | 0.48 | 0.02 | +4.45% |
| Q4 2023 | 2023-12-31 | 0.48 | 0.02 | +4.57% |
| Q3 2023 | 2023-09-24 | 0.47 | 0.01 | +2.50% |
| Q2 2023 | 2023-06-25 | 0.45 | 0.00 | +0.16% |
| Q1 2023 | 2023-03-26 | 0.46 | 0.01 | +1.17% |
| Q4 2022 | 2022-12-25 | 0.46 | 0.01 | +1.70% |
| Q3 2022 | 2022-09-25 | 0.45 | −0.17 | −27.82% |
| Q2 2022 | 2022-06-26 | 0.45 | — | — |
| Q1 2022 | 2022-03-27 | 0.45 | — | — |
| Q4 2021 | 2021-12-26 | 0.45 | −0.18 | −28.85% |
| Q3 2021 | 2021-09-26 | 0.63 | — | — |
| Q4 2020 | 2020-12-27 | 0.63 | — | — |
First Watch Restaurant Group debt-to-assets ratio trends
Over the last five fiscal years, First Watch Restaurant Group's debt-to-assets ratio decreased from 0.63 to 0.58, a change of −0.05. The latest reported quarter, Q2 2026, shows 0.59.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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