First Watch Restaurant Group Inc Net Asset Quality Index
First Watch Restaurant Group Inc net asset quality index. First Watch Restaurant Group Inc (FWRG) has a Net Asset Quality Index of 34.8% as of June 2026. This metric measures the proportion of total assets financed by shareholders' equity — total assets of $1.82 Billion minus total liabilities of $1.19 Billion yields net assets of $634.17 Million. A higher index indicates a stronger, lower-leverage balance sheet. Check First Watch Restaurant Group Inc earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.
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Net Assets
Total Assets
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Net Asset Quality Index of First Watch Restaurant Group Inc (2018–2025)
Net asset quality index of First Watch Restaurant Group Inc from 2018 to 2025. This chart shows how First Watch Restaurant Group Inc's Net Asset Quality Index has evolved across 8 annual periods from 2018 to 2025. As of June 2026, the index stands at 34.8%, representing net assets of $634.17 Million against total assets of $1.82 Billion USD. See First Watch Restaurant Group Inc (FWRG) net assets for net asset value and shareholders' equity analysis.
First Watch Restaurant Group Inc Net Asset Quality Index by Year (2018–2025)
First Watch Restaurant Group Inc net asset quality index by year from 2018 to 2025. The table below presents the year-by-year Net Asset Quality Index for First Watch Restaurant Group Inc from 2018 to 2025, covering 8 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For live market cap and overall valuation, see how much is First Watch Restaurant Group Inc worth.
| Year | Quality Index | Net Assets (USD) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 36.0% | $626.28 Million | $1.74 Billion | $1.12 Billion | ▼ -3.4 pp |
| 2024 | 39.3% | $595.39 Million | $1.51 Billion | $918.97 Million | ▼ -5.0 pp |
| 2023 | 44.3% | $561.28 Million | $1.27 Billion | $705.76 Million | ▼ -3.1 pp |
| 2022 | 47.4% | $523.13 Million | $1.10 Billion | $581.31 Million | ▼ -0.8 pp |
| 2021 | 48.2% | $504.43 Million | $1.05 Billion | $542.49 Million | ▲ +16.3 pp |
| 2020 | 31.8% | $320.87 Million | $1.01 Billion | $686.65 Million | ▼ -1.7 pp |
| 2019 | 33.6% | $329.80 Million | $982.08 Million | $652.28 Million | ▼ -22.8 pp |
| 2018 | 56.4% | $374.67 Million | $664.51 Million | $289.84 Million | — |