As of Q3'26, Procter & Gamble (PG) reported cash and short-term investments at $12.31B USD, marking a notable increase from the prior quarter, while total debt stood at $37.03B USD, reflecting a modest rise and maintaining a significant gap between liabilities and liquid assets. Over the period from Q4'23 to Q3'26, cash and short-term investments exhibited volatility with an overall upward trend, fluctuating between a low of $6.83B USD in Q3'24 and a high of $12.31B USD in Q3'26, including sharp gains in Q1'25 and Q3'26 that suggest improved liquidity management. In contrast, debt levels remained relatively stable with gradual increases, ranging from $31.98B USD in Q3'24 to $37.03B USD in Q3'26, peaking at $36.64B USD in Q2'26, indicating consistent leverage without dramatic shifts and a net debt position that has widened slightly over time.