As of Q4'25, KO reported Cash & Short-term Investments of $13.87B and Debt of $45.49B. This marks a slight decrease in cash from the previous quarter, while debt also declined from its recent peak earlier in 2025. Over the period from Q1'23 to Q4'25, KO's cash position has shown moderate fluctuations, peaking at $18.99B in Q2'24 before trending downward in the subsequent quarters. Debt levels remained relatively stable through 2023 and early 2024, but saw a notable increase starting in Q3'24, reaching a high of $49.45B in Q2'25 before easing back. Overall, the data reflects a period of increased leverage in late 2024 and early 2025, with both cash and debt ending the period lower than their respective recent highs.