Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 1.69 is 30% above its 5-year average of 1.30, near the high end of its 5-year range (0.94–2.02).
As of the fiscal period ended Sunday, June 28, 2026. 3.75% above its 12-month average of 1.63.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-28): 1.69.
DEBT TO EQUITY RATIO
1.69
DEBT TO EQUITY RATIO AVG TTM
1.63
DEBT TO EQUITY RATIO AVG 3Y
1.39
DEBT TO EQUITY RATIO AVG 5Y
1.30
DEBT TO EQUITY RATIO AVG 10Y
N/A
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+3.75%
CURRENT VS 3Y AVG
+21.82%
CURRENT VS 5Y AVG
+29.77%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER CYCLICAL
0.74
median of 276 covered companies
CURRENT VS SECTOR MEDIAN
+127.21%
vs the sector median at left
First Watch Restaurant Group, Inc.
Market Cap
$654.77M
Debt to Equity Ratio
1.69
TTM Avg
1.63
3Y Avg
1.39
5Y Avg
1.30
Market Cap
$644.22M
Debt to Equity Ratio
N/A
TTM Avg
18.33
3Y Avg
10.03
5Y Avg
6.81
Market Cap
$633.95M
Debt to Equity Ratio
1.22
TTM Avg
2.56
3Y Avg
2.56
5Y Avg
2.07
Market Cap
$687.53M
Debt to Equity Ratio
0.00
TTM Avg
0.00
3Y Avg
0.02
5Y Avg
0.04
Market Cap
$607.08M
Debt to Equity Ratio
3.41
TTM Avg
3.88
3Y Avg
4.34
5Y Avg
3.23
Market Cap
$713.60M
Debt to Equity Ratio
4.43
TTM Avg
11.42
3Y Avg
9.27
5Y Avg
8.98
Market Cap
$528.71M
Debt to Equity Ratio
0.02
TTM Avg
0.02
3Y Avg
0.02
5Y Avg
0.29
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Watch Restaurant Group, Inc. (FWRG) | $654.77M | 1.69 | 1.63 | 1.39 | 1.30 |
| Papa John's International, Inc. (PZZA)vs › | $644.22M | N/A | 18.33 | 10.03 | 6.81 |
| Petco Health and Wellness Company, Inc. (WOOF)vs › | $633.95M | 1.22 | 2.56 | 2.56 | 2.07 |
| Legacy Housing Corporation (LEGH)vs › | $687.53M | 0.00 | 0.00 | 0.02 | 0.04 |
| Tron Inc. (TRON)vs › | $611.95M | 0.00 | 0.04 | 0.03 | 0.02 |
| Betterware de Mexico, S.A.P.I. de C.V. (BWMX)vs › | $607.08M | 3.41 | 3.88 | 4.34 | 3.23 |
| Bloomin' Brands, Inc. (BLMN)vs › | $713.60M | 4.43 | 11.42 | 9.27 | 8.98 |
| XMAX, Inc. (XMAX)vs › | $558.75M | 0.05 | 0.22 | 0.22 | 0.22 |
| Solid Power, Inc. (SLDP)vs › | $528.71M | 0.02 | 0.02 | 0.02 | 0.29 |
| Fox Factory Holding Corp. (FOXF)vs › | $813.14M | 1.02 | 0.88 | 0.79 | 0.60 |
Debt/Equity
1.69
Current Ratio
0.27
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-28 | 1.69 |
| 2026-03-29 | 1.64 |
| 2025-12-28 | 1.61 |
| 2025-09-28 | 1.62 |
| 2025-06-29 | 1.59 |
| 2025-03-30 | 1.40 |
| 2024-12-31 | 1.36 |
| 2024-09-29 | 1.32 |
| 2024-06-30 | 1.28 |
| 2024-03-31 | 1.06 |
| 2023-12-31 | 1.08 |
| 2023-09-24 | 1.01 |
| 2023-06-25 | 0.97 |
| 2023-03-26 | 0.96 |
| 2022-12-31 | 0.97 |
| 2022-09-25 | 0.96 |
| 2022-06-26 | 0.95 |
| 2022-03-27 | 0.94 |
| 2021-12-31 | 0.94 |
| 2021-09-26 | 2.02 |
| 2021-06-30 | 2.02 |
| 2021-03-31 | 0.00 |
| 2020-12-31 | 1.99 |
| 2020-09-30 | 0.00 |
| 2020-06-28 | 0.00 |
| 2020-03-28 | 0.00 |
