As of Q1'26, Apple's cash and short-term investments stood at $66.9B USD, marking a notable rebound from the prior quarter's $55.4B, while total debt decreased to $90.5B USD, down from $98.7B in Q4'25, resulting in a net debt position of approximately $23.6B. Over the period from Q2'23 to Q1'26, cash levels exhibited volatility with an overall upward trajectory, peaking at $73.1B in Q1'24 before dipping to a low of $48.5B in Q2'25 and recovering strongly; debt, meanwhile, trended downward from $109.6B to $90.5B, reflecting consistent deleveraging efforts amid fluctuating liquidity, which has improved the company's balance sheet resilience despite periodic cash outflows.