As of Q4'25, APH's cash and short-term investments reached $11.43B, marking a substantial increase from the previous quarter, while total debt climbed to $15.50B, reflecting heightened financial leverage amid ongoing operations. Over the period from Q1'23 to Q4'25, cash and short-term investments exhibited volatile growth, starting at $1.50B and fluctuating between $1.30B and $3.89B before surging to $11.43B in the latest quarter, likely driven by strong cash generation or acquisitions. In contrast, debt showed a steady upward trajectory from $4.56B to $15.50B, with notable accelerations in 2024 and 2025, increasing the net debt position and potentially signaling expansionary strategies, though it outpaced cash growth in most periods for a generally deteriorating liquidity ratio.