In Q1'26, ASML's cash and short-term investments stood at $8.38B USD, reflecting a decline from the previous quarter's peak of $13.32B USD in Q4'25, while debt decreased to $2.71B USD, down from $4.39B USD in Q4'25. This latest data point indicates improved liquidity relative to debt, with a net cash position of approximately $5.67B USD. Over the period from Q2'23 to Q1'26, cash levels exhibited volatility, starting at $6.35B USD and fluctuating between $4.98B USD and $13.32B USD, with notable peaks in Q4'24 and Q4'25 suggesting periodic inflows from operations or financing. Debt remained relatively stable around $4.5B USD until a sharp drop to $2.70B USD in Q3'25, followed by minor fluctuations, resulting in an overall strengthening net cash position that underscores ASML's solid financial health despite market uncertainties.