In the wake of the increase in Current Liabilities in the third quarter 2026, Quick Ratio fell to 0.11 below First Watch Restaurant Group Inc average.

Within Restaurants industry 31 other companies have achieved higher Quick Ratio than First Watch Restaurant Group Inc in third quarter 2026. While Quick Ratio total ranking in the third quarter 2026 has deteriorated compared to the prior quarter from 3041 to 3592.

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FWRG Quick Ratio	(Sep 27 2026) Q3	(Jun 28 2026) Q2	(Mar 29 2026) Q1	(Dec 28 2025) Q4	(Sep 28 2025) Q3
Y / Y Current Liabilities Change	8.09 %	Subscribe	Subscribe	Subscribe	Subscribe
Y / Y Cash & cash equivalent Change	1.69 %	Subscribe	Subscribe	Subscribe	Subscribe
Quick Ratio MRQ	0.11	Subscribe	Subscribe	Subscribe	Subscribe
FWRG's Total Ranking	# 3592	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Current Liabilities Change	7.41 %	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Cash & cash equivalent Change	2.83 %	Subscribe	Subscribe	Subscribe	Subscribe

Quick Ratio third quarter 2026 Company Ranking
Within:	No.
Restaurants Industry	# 32
Services Sector	# 409
Overall Market	# 3592

Quick Ratio Statistics
High	Average	Low
1.61	0.43	0.12
(Dec 27 2020)		(Jun 28 2026)

Financial Statements
First Watch Restaurant Group Inc 's Current Liabilities	$ 191 Millions	Visit FWRG's Balance sheet
First Watch Restaurant Group Inc 's Cash & cash equivalent	$ 21 Millions	Visit FWRG's Balance sheet
Source of FWRG's Sales		Visit FWRG's Sales by Geography

Cumulative First Watch Restaurant Group Inc 's Quick Ratio

FWRG's Quick Ratio for the trailling 12 Months

FWRG Quick Ratio	(Sep 27 2026) 12 Months	(Jun 28 2026) 12 Months	(Mar 29 2026) 12 Months	(Dec 28 2025) 12 Months	(Sep 28 2025) 12 Months
Y / Y Current Liabilities TTM Growth	16.01 %	Subscribe	Subscribe	Subscribe	Subscribe
Y / Y Cash & cash equivalent TTM Growth	-5.94 %	Subscribe	Subscribe	Subscribe	Subscribe
Quick Ratio TTM	0.12	Subscribe	Subscribe	Subscribe	Subscribe
Total Ranking TTM	# 4135	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Current Liabilities TTM Growth	2.04 %	Subscribe	Subscribe	Subscribe	Subscribe
Seq. Cash & cash equivalent TTM Growth	0.41 %	Subscribe	Subscribe	Subscribe	Subscribe

Quick ratio ranking by company, industry and sector >> Back to FWRG Financial Strength Comparisons >> Go to Compare FWRG Quick Ratio to its Competitors

News about First Watch Restaurant Group Inc Quick Ratio

First Watch Restaurant Group, Inc. Implements Secondary Offering to Address Financial Challenges and Improve Liquidity Position

First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
BRADENTON, Fla., March 07, 2024 - First Watch Restaurant Group, Inc. (FWRG or the Company) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch, and lunch, has recently revealed plans for an underwritten secondary offering. The Company announced that certain funds managed by Advent International, L.P. (the Selling Stockholders) will be offering 6,000,000 shares of the Company s common stock (Common Stock) to the public.
This announcement comes in the midst of a decline in the Company s Quick Ratio, which is a measure of a company s ability to meet short-term financial obligations. In the third quarter of 2023, First Watch witnessed an increase in Current Liabilities, leading to a decrease in its Quick Ratio to 0.36. This new low indicates potential financial concerns for the company.
Analyzing the Quick Ratio on a trailing twelve-month basis, due to a rise in Current Liabilities in the third quarter of 2023 to $110.05 million, the cumulative Quick Ratio dropped to 0.51. This figure remains below First Watch Restaurant Group Inc s average Quick Ratio over the past twelve months. The decrease in the Quick Ratio may have reflected a strained liquidity position and raised concerns among investors.

On the trailing twelve months basis In Spite of the rise in Current Liabilities in the Q3 2026 to $191.07 millions, cumulative Quick Ratio remained unchanged at 0.12 below the average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Restaurants industry 45 other companies have achieved higher Quick Ratio than First Watch Restaurant Group Inc . While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2026 from 2954 to 4135.

Explain Quick Ratio?
How much Cash & cash equivalents FWRG�s has?
What are FWRG�s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Restaurants Industry	# 46
Services Sector	# 534
Within the Market	# 4135

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.57	0.39	0.12
(Jun 26 2022)		(Dec 28 2025)

Companies with similar Quick Ratio in the quarter ending Sep 27 2026, within Restaurants Industry	Quick Ratio	Sep 27 2026 MRQ Cash & cash equivalent	Sep 27 2026 MRQ Current Liabilities
Dine Brands Global inc	0.28	$ 91.100 Millions	$ 330.000 Millions
Texas Roadhouse inc	0.19	$ 141.412 Millions	$ 744.102 Millions
The Cheesecake Factory Incorporated	0.19	$ 249.269 Millions	$ 1,318.709 Millions
Bloomin Brands Inc	0.12	$ 90.736 Millions	$ 784.343 Millions
First Watch Restaurant Group Inc	0.11	$ 21.065 Millions	$ 191.067 Millions
Darden Restaurants Inc	0.07	$ 220.500 Millions	$ 3,199.000 Millions
Krispy Kreme Inc	0.06	$ 30.293 Millions	$ 466.846 Millions
Bj s Restaurants Inc	0.06	$ 12.936 Millions	$ 201.217 Millions
Brinker International Inc	0.05	$ 30.700 Millions	$ 643.600 Millions
El Pollo Loco Holdings Inc	0.04	$ 3.415 Millions	$ 77.179 Millions
One Group Hospitality Inc	0.03	$ 3.574 Millions	$ 133.051 Millions

Date modified: 2026-11-06T13:03:52+00:00

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