In Q1'26, Bank of America (BAC) reported cash and short-term investments at $250B, marking a significant decline from the previous quarter's $964B, while debt stood at $384B, down sharply from $711B in Q4'25. This latest data point reflects a net cash position of approximately -$134B, indicating heightened liquidity pressures as of the end of the fiscal quarter. Over the period from Q2'23 to Q1'26, cash levels exhibited volatility, peaking at $964B in Q4'25 after a surge to $958B in Q3'25, but generally trended downward from an initial $672B, with notable drops in Q1'24 ($634B) and Q2'24 ($620B). Debt, starting at $616B, rose steadily to a high of $761B in Q2'25 before fluctuating and ultimately falling to $384B, resulting in an overall pattern of increasing leverage mid-period followed by deleveraging; the net cash position remained negative throughout, averaging around -$100B to -$150B, underscoring persistent balance sheet challenges for the bank.