As of Q2'26 (2026-01-24), CSCO reported Cash & Short-term Investments of USD 7.46B and Debt of USD 30.09B. This marks a significant decrease in cash holdings and a relatively high level of debt compared to previous quarters. Over the period from Q3'23 to Q2'26, CSCO's cash position showed a downward trend, dropping from a peak of USD 26.15B in Q4'23 to just USD 7.46B by Q2'26. Meanwhile, debt levels surged sharply starting in Q3'24, rising from around USD 8.39B in early periods to consistently above USD 28B from Q3'24 onward. This shift indicates a notable deterioration in the company's net cash position, with cash reserves declining and debt remaining elevated throughout the latter half of the period.