In Q2'26, Starbucks' cash and short-term investments stood at $1.7B USD, reflecting a significant decline from the previous quarter's $3.6B USD, while total debt decreased to $24.4B USD from $25.5B USD in Q1'26, resulting in a net debt position of approximately $22.7B USD. Over the period from Q3'23 to Q2'26, cash and short-term investments exhibited volatility, peaking at $4.5B USD in Q3'25 before dropping sharply to the current low, with an overall downward trend averaging around $3.5B USD annually. In contrast, debt showed steady growth from $24.4B USD in Q3'23 to a high of $27.9B USD in Q3'25, followed by a moderate reduction, highlighting increasing leverage that peaked mid-period before stabilizing, which may signal efforts to manage financial obligations amid fluctuating liquidity.