As of Q2'25, Sea Limited (SE) reported Cash & Short-term Investments of USD 9.41B, while total Debt stood at USD 4.19B. This marks the highest cash position in the observed period, with a continued gap between cash reserves and debt levels. From Q4'22 to Q2'25, the company’s cash position showed some volatility, declining from USD 6.89B in Q4'22 to a low of USD 5.40B in Q1'24, before rebounding sharply to USD 9.41B by Q2'25. Debt levels remained relatively stable, fluctuating within the USD 4.1B–4.6B range. The widening gap between cash and debt since Q1'24 suggests improved liquidity and a strengthening balance sheet over the most recent quarters.