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What is First Watch Restaurant Group Cash-to-Debt?
First Watch Restaurant GroupFWRG +5.50%71 Cash-to-Debt is 0.02 as of Jun. 2026, which is 71% below its 10-year median of 0.07. GuruFocus rates FWRG with a GF Score™ of 71/100 and a GF Value™ of $22.39 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 358 Restaurants companies, First Watch Restaurant Group ranks worse than 94.69% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. First Watch Restaurant Group's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.02.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, First Watch Restaurant Groupcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for First Watch Restaurant Group's Cash-to-Debt or its related term are showing as below:
FWRG'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.13
Current: 0.02
During the past 7 years, First Watch Restaurant Group's highest Cash to Debt Ratio was 0.13. The lowest was 0.02. And the median was 0.07.
FWRG's Cash-to-Debt is ranked worse than 94.69% of 358
companies
in the Restaurants industry
Industry Median: 0.4
vs FWRG: 0.02
First Watch Restaurant Group (NAS:FWRG) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
First Watch Restaurant Group Cash-to-Debt Related Terms
First Watch Restaurant Group Cash-to-Debt Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Restaurants subindustry, First Watch Restaurant Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
First Watch Restaurant Group Cash-to-Debt vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, First Watch Restaurant Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where First Watch Restaurant Group's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Watch Restaurant Group (FWRG) has a Cash-to-Debt of 0.02 as of Jun. 2026. This is 71% below median its historical median of 0.07. Over the past decade, First Watch Restaurant Group's Cash-to-Debt has ranged from 0.02 to 0.13. According to the industry distribution chart, First Watch Restaurant Group ranks #339 out of 358 companies in the Restaurants industry, placing it in the top 94.7%.
Is First Watch Restaurant Group's Cash-to-Debt too high?
First Watch Restaurant Group's current Cash-to-Debt of 0.02 is 71% below median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.13. The Restaurants industry median Cash-to-Debt is 0.40. First Watch Restaurant Group's value of 0.02 is 95% below this industry median. Based on the distribution chart, First Watch Restaurant Group ranks #339 out of 358 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, First Watch Restaurant Group has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Watch Restaurant Group's Cash-to-Debt compare to SG and BLMN?
According to the Restaurants industry distribution chart, First Watch Restaurant Group ranks #339 out of 358 companies for Cash-to-Debt. This places First Watch Restaurant Group in the lower half of its industry. The industry median Cash-to-Debt is 0.40. First Watch Restaurant Group's value of 0.02 is 95% below this benchmark. Historically, First Watch Restaurant Group's own Cash-to-Debt has ranged from 0.02 to 0.13 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.40, First Watch Restaurant Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Restaurants company?
The median Cash-to-Debt among Restaurants companies is 0.40, based on 358 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Watch Restaurant Group's current Cash-to-Debt of 0.02 is 95% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Restaurants industry, the median Cash-to-Debt is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Watch Restaurant Group's current Cash-to-Debt is 0.02, which is 71% below median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Watch Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, First Watch Restaurant Group (FWRG) is currently considered Possible Value Trap. The stock's GF Value™ is $22.39, compared to a current price of $12.67 — trading 43.4% below its estimated fair value. The current Cash-to-Debt is 0.02, which is 71% below median its 10-year median of 0.07 and 95% below the Restaurants industry median of 0.40. First Watch Restaurant Group's overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For First Watch Restaurant Group (FWRG), the current Cash-to-Debt is 0.02 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Watch Restaurant Group (FWRG) Overvalued in 2026?
Based on GuruFocus' analysis, First Watch Restaurant Group stock appears to be undervalued.
The current stock price of $12.67 is trading 43.4% below its estimated GF Value™ of $22.39.
GuruFocus considers First Watch Restaurant Group to be Possible Value Trap.
Key valuation signals for FWRG:
Cash-to-Debt: 0.02 (71% below median its 10-year median of 0.07)
GF Value™: $22.39 vs. price of $12.67 (43.4% below fair value)
Industry Position: 95% below the Restaurants median (#339 of 358)
No single metric tells the full story. See the FWRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
71GF Score
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Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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