Jersey Mike's Subs is a leading fast-casual restaurant chain specializing in submarine sandwiches. Founded in 1956 and headquartered in New Jersey, the company has grown to over 3,300 locations primarily across the United States, with a growing international presence in Canada and planned expansions into the UK and Ireland. Jersey Mike's operates an asset-light, 99%-franchised business model. Its revenue is primarily generated through royalties and advertising fees tied to systemwide sales, which exceeded $4.2 billion in 2025. The company's corporate team oversees franchise relationships, brand standards, real estate development, and supply chain logistics, while independent franchise owners are responsible for staffing and running individual locations. Jersey Mike's differentiates itself through its commitment to high-quality ingredients, including fresh-sliced meats and cheeses, bread baked in-store daily, and produce prepared on-site. The brand boasts strong unit economics, with an average unit volume (AUV) of approximately $1.4 million in 2025. Backed by private equity firm Blackstone, which acquired a majority stake in 2024, Jersey Mike's filed for an initial public offering in July 2026 to further accelerate its domestic and international expansion.
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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