First Watch Restaurant Group Inc Cash Flow-to-Debt Ratio
First Watch Restaurant Group Inc cash flow-to-debt ratio. First Watch Restaurant Group Inc (FWRG) has a Cash Flow-to-Debt Ratio of 0.02x as of June 2026, meaning its operating cash flow of $27.44 Million could theoretically repay 0% of its total liabilities ($1.19 Billion) in one year. Check First Watch Restaurant Group Inc investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Cash Flow-to-Debt Ratio of First Watch Restaurant Group Inc (2018–2025)
Cash flow-to-debt ratio of First Watch Restaurant Group Inc from 2018 to 2025. Historical debt coverage capacity for First Watch Restaurant Group Inc across 8 annual periods. Check FWRG cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
First Watch Restaurant Group Inc Cash Flow-to-Debt Ratio by Year (2018–2025)
First Watch Restaurant Group Inc cash flow-to-debt ratio by year from 2018 to 2025. Year-by-year debt coverage analysis for First Watch Restaurant Group Inc. For the full cash flow conversion analysis, see First Watch Restaurant Group Inc (FWRG) cash conversion ratio.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.11x | $125.91 Million | $1.12 Billion | ▼ -10.3% |
| 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 | — |