As of Q1'26, Ford Motor Company's (F) cash and short-term investments stood at $30.5B, marking a decline from $38.5B in Q4'25 and the lowest level in the observed period. In contrast, total debt was $157.1B, down slightly from $163.3B in the prior quarter but remaining substantially higher than cash reserves, resulting in a net debt position of approximately $126.6B. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited volatility, starting at $42.8B and peaking at $42.2B in Q3'25 before a sharp 21% drop to $30.5B in Q1'26, with intermittent recoveries such as a 9% rise from Q1'24 to Q2'24. Debt showed a consistent upward trend, increasing 10% from $143.2B in Q2'23 to a high of $163.3B in Q4'25, followed by a modest 4% reduction in Q1'26, underscoring growing leverage pressures despite cash fluctuations. This pattern highlights potential liquidity challenges for the automaker amid rising obligations.