First Watch Restaurant Group Inc (FWRG) — Financial Flexibility Index
First Watch Restaurant Group Inc (FWRG) has a Financial Flexibility Index of 0.08x as of September 2025. Free cash flow of $90.76 Million (operating CF $47.88 Million minus capex $42.88 Million) represents 0% of total liabilities ($1.11 Billion). Check FWRG cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
First Watch Restaurant Group Inc Financial Flexibility Index (2018–2024)
Historical Financial Flexibility Index trend for First Watch Restaurant Group Inc across 7 annual periods. For the full cash flow conversion analysis, see First Watch Restaurant Group Inc cash flow conversion.
Annual Financial Flexibility Index for First Watch Restaurant Group Inc (2018–2024)
Year-by-year free cash flow to debt coverage for First Watch Restaurant Group Inc. Explore FWRG cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.27x | $243.62 Million | $115.67 Million | $918.97 Million | ▲ +3.9% |
| 2023 | 0.26x | $180.03 Million | $95.34 Million | $705.76 Million | ▲ +17.4% |
| 2022 | 0.22x | $126.27 Million | $62.94 Million | $581.31 Million | ▲ +19.4% |
| 2021 | 0.18x | $98.65 Million | $62.97 Million | $542.49 Million | ▲ +1350.3% |
| 2020 | 0.01x | $8.61 Million | $-18.36 Million | $686.65 Million | ▼ -89.9% |
| 2019 | 0.12x | $80.63 Million | $21.46 Million | $652.28 Million | ▼ -47.7% |
| 2018 | 0.24x | $68.50 Million | $30.77 Million | $289.84 Million | — |