As of Q4'25, APH reported Cash & Short-term Investments of USD 11.43B and Debt of USD 15.5B, marking the highest levels for both metrics within the covered period. This represents a substantial increase from the previous quarter, with cash nearly tripling and debt almost doubling compared to Q3'25. From Q1'23 to Q4'25, both cash and debt exhibited significant growth, with notable volatility in the latter half of the period. While cash holdings fluctuated, they surged sharply in Q4'25 after moderate increases and declines in prior quarters. Debt remained relatively stable through 2023 and early 2024, but escalated rapidly from Q4'24 onward, culminating in a pronounced spike at the end of 2025. This trend suggests heightened financial activity and potentially increased leveraging in the most recent quarters.