First Watch Restaurant Group Inc (FWRG) — Cash Flow-to-Debt Ratio
First Watch Restaurant Group Inc (FWRG) has a Cash Flow-to-Debt Ratio of 0.04x as of September 2025, meaning its operating cash flow of $47.88 Million could theoretically repay 0% of its total liabilities ($1.11 Billion) in one year. See FWRG free cash flow to operating cash ratio to measure how efficiently the company converts operating cash flow to free cash.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
First Watch Restaurant Group Inc Cash Flow-to-Debt Ratio (2018–2024)
Historical debt coverage capacity for First Watch Restaurant Group Inc across 7 annual periods. Also explore FWRG shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for First Watch Restaurant Group Inc (2018–2024)
Year-by-year debt coverage analysis for First Watch Restaurant Group Inc. For market capitalisation and broader financial context, see First Watch Restaurant Group Inc (FWRG) market capitalisation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2024 | 0.13x | $115.67 Million | $918.97 Million | ▼ -6.8% |
| 2023 | 0.14x | $95.34 Million | $705.76 Million | ▲ +24.8% |
| 2022 | 0.11x | $62.94 Million | $581.31 Million | ▼ -6.7% |
| 2021 | 0.12x | $62.97 Million | $542.49 Million | ▲ +534.0% |
| 2020 | -0.03x | $-18.36 Million | $686.65 Million | ▼ -181.3% |
| 2019 | 0.03x | $21.46 Million | $652.28 Million | ▼ -69.0% |
| 2018 | 0.11x | $30.77 Million | $289.84 Million | — |