As of Q4'25, Ford Motor Company's (F) cash and short-term investments stood at $38.5B USD, reflecting a moderate decline of approximately 8.7% from the Q3'25 peak of $42.2B USD. Meanwhile, total debt reached $163.3B USD, up slightly by 0.9% from the previous quarter, maintaining a high leverage position with debt significantly outweighing liquid assets by a ratio of over 4:1. Over the period from Q1'23 to Q4'25, cash and short-term investments exhibited volatility, starting at $39.5B USD, peaking at $42.8B USD in Q2'23, dipping to a low of $34.5B USD in Q1'24, and recovering to end near initial levels with an overall flat trend. In contrast, debt showed a consistent upward trajectory, rising from $139.3B USD to $163.3B USD—a net increase of about 17.3%—with no major declines, underscoring growing financial obligations amid fluctuating liquidity. This pattern highlights potential risks in debt management, as the net debt position (debt minus cash) widened from roughly $99.8B USD to $124.8B USD over the timeframe.