The latest data point for ORCL's Cash & Short-term Investments in Q3'26 stands at $39.13B USD, reflecting a substantial increase from $19.77B USD in Q2'26 and marking the highest level in the observed period. In contrast, Debt reached $162.17B USD in the same quarter, up sharply from $124.39B USD in Q2'26, resulting in a net debt position of approximately $123.04B USD. Over the period from Q4'23 to Q3'26, Cash & Short-term Investments exhibited volatility with an overall upward trend, fluctuating between $8.69B USD and $39.13B USD, including notable spikes in Q3'25 ($17.82B USD) and Q3'26, suggesting improved liquidity from operational cash flows or investments. Debt showed a consistent growth pattern, rising from $90.48B USD to $162.17B USD, with acceleration in recent quarters (e.g., from $96.28B USD in Q3'25 to over $162B USD), indicating aggressive borrowing possibly for expansions or acquisitions, which has widened the debt-to-cash ratio from about 8.9x to 4.1x.