Jersey Mike's Subs Inc. (JMKE) Balance Sheet
JMKE balance sheet, 2025
December 31, 2025 · U.S. dollars$8.18B assets = $2.28B liabilities + $5.90B equity
Both columns are drawn to the same scale: what JMKE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
JMKE financial health
Descriptive bands, not a rating. Fiscal 2025.
JMKE balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.04B2024 | $8.18B2025 | +683.6%/yr | |
| Total liabilities | $1.91B2024 | $2.28B2025 | +19.3%/yr | |
| Shareholders’ equity | −$866.0M2024 | $5.90B2025 | — | |
| Cash & short-term investments | $811.0M2024 | $215.0M2025 | −73.5%/yr | |
| Total debt | $1.75B2024 | $2.06B2025 | +17.7%/yr | |
| Net cash (debt) | −$941.0M2024 | −$1.85B2025 | −$906.0M | |
| Working capital | $768.0M2024 | $154.0M2025 | −$614.0M | |
| Book value per share | −$3.722024 | $25.352025 | — | |
| Current ratio | 6.732024 | 2.022025 | −4.71 | |
| Shares outstanding | 232.8M2024 | 232.8M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
JMKE assets
JMKE liabilities and equity
JMKE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
JMKE balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $215.0M | $811.0M |
| Cash & equivalents | $215.0M | $811.0M |
| Receivables | $41.0M | $49.0M |
| Inventory | $0 | $0 |
| Other current assets | $49.0M | $42.0M |
| Total current assets | $305.0M | $902.0M |
| Property, plant & equipment (net) | $45.0M | $99.0M |
| Goodwill & intangible assets | $7.82B | $19.0M |
| Long-term investments | $0 | $0 |
| Other non-current assets | $7.0M | $24.0M |
| Total assets | $8.18B | $1.04B |
| Liabilities | ||
| Accounts payable | $22.0M | $19.0M |
| Total current liabilities | $151.0M | $134.0M |
| Long-term debt | $2.06B | $1.75B |
| Lease obligations | $35.0M | $10.0M |
| Other long-term liabilities | $65.0M | $24.0M |
| Total liabilities | $2.28B | $1.91B |
| Shareholders' equity | ||
| Retained earnings (deficit) | −$423.0M | −$866.0M |
| Total shareholders' equity | $5.90B | −$866.0M |
| Key figures | ||
| Total debt | $2.06B | $1.75B |
| Net cash (debt) | −$1.85B | −$941.0M |
| Working capital | $154.0M | $768.0M |
| Tangible book value | −$1.92B | −$885.0M |
| Book value per share | $25.35 | −$3.72 |
| Shares outstanding | 232.8M | 232.8M |
| Current ratio | 2.02 | 6.73 |
| Quick ratio | 1.70 | 6.42 |
| Debt / equity | 0.35 | — |
| Equity / assets | 72.2% | −83.0% |
| Jun '26 | Mar '26 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $231.0M | $232.0M |
| Cash & equivalents | $231.0M | $232.0M |
| Receivables | $39.0M | $44.0M |
| Inventory | $0 | $0 |
| Other current assets | $49.0M | $54.0M |
| Total current assets | $319.0M | $330.0M |
| Property, plant & equipment (net) | $10.0M | $13.0M |
| Goodwill & intangible assets | $7.80B | $7.82B |
| Long-term investments | $0 | $0 |
| Other non-current assets | $37.0M | $297.0M |
| Total assets | $8.16B | $8.46B |
| Liabilities | ||
| Accounts payable | $26.0M | $45.0M |
| Total current liabilities | $175.0M | $222.0M |
| Long-term debt | $2.07B | $1.79B |
| Other long-term liabilities | $70.0M | $1.67B |
| Total liabilities | $2.32B | $3.68B |
| Shareholders' equity | ||
| Retained earnings (deficit) | −$488.0M | −$368.0M |
| Minority interest | — | $1.58B |
| Total shareholders' equity | $5.84B | $3.21B |
| Key figures | ||
| Total debt | $2.07B | $1.79B |
| Net cash (debt) | −$1.84B | −$1.56B |
| Working capital | $144.0M | $108.0M |
| Tangible book value | −$1.95B | −$4.62B |
| Book value per share | $25.10 | $13.77 |
| Shares outstanding | 232.8M | 232.8M |
| Current ratio | 1.82 | 1.49 |
| Quick ratio | 1.54 | 1.24 |
| Debt / equity | 0.35 | 0.56 |
| Equity / assets | 71.6% | 37.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
JMKE financial position
At the end of fiscal 2025 (December 31, 2025), Jersey Mike's Subs had total assets of $8.2 billion (up 683.6% from a year earlier), total liabilities of $2.3 billion and shareholders' equity of $5.9 billion. It held $215.0 million in cash and short-term investments against $2.1 billion of debt, net debt of $1.8 billion. Its current ratio was 2.02. In the latest quarter (ended June 30, 2026) total assets were $8.2 billion and equity $5.8 billion.
Related: JMKE income statement, JMKE cash flow statement, JMKE key metrics. See the JMKE stock overview for the latest quote and news.
JMKE balance sheet FAQ
What are Jersey Mike's Subs's total assets?
Jersey Mike's Subs reported total assets of $8.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.0 billion a year earlier.
How much debt does Jersey Mike's Subs have?
Jersey Mike's Subs had $2.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.35.
How much cash does Jersey Mike's Subs have?
Jersey Mike's Subs held $215.0 million in cash and short-term investments at the end of fiscal 2025; with $2.1 billion of debt that is net debt of $1.8 billion.
What is Jersey Mike's Subs's book value?
Jersey Mike's Subs's shareholders' equity (book value) was $5.9 billion at the end of fiscal 2025, or $25.35 per share.
What is Jersey Mike's Subs's current ratio?
Jersey Mike's Subs had current assets of $305.0 million and current liabilities of $151.0 million, a current ratio of 2.02 (it can cover its short-term obligations).
How much goodwill does Jersey Mike's Subs have?
Jersey Mike's Subs carried $7.8 billion of goodwill and intangible assets, 95.6% of total assets, at the end of fiscal 2025.