As of Q3'26, Nike's cash and short-term investments stood at $8.06B USD, marking a continued decline from the prior quarter and representing the lowest level in the observed period. In contrast, total debt was reported at $11.18B USD, showing a slight decrease from Q2'26 but remaining relatively stable overall. Over the period from Q4'23 to Q3'26, cash and short-term investments exhibited an overall downward trend, starting at $10.68B USD and peaking at $11.58B USD in Q4'24 before steadily eroding by approximately 25% to the current figure, with notable drops in Q1'26 through Q3'26. Debt levels fluctuated minimally within a narrow band of $11.0B to $12.2B USD, declining modestly by about 8% from the initial $12.14B USD, suggesting improved liquidity coverage despite the cash erosion and highlighting a net debt position that has widened from roughly $1.46B USD to $3.12B USD.