As of Q4'25, Texas Instruments ( TXN ) reported Cash & Short-term Investments of USD 4.88B and Debt of USD 14.05B. This marks a continued decline in cash reserves alongside a persistently high debt level at the end of the period. From Q1'23 to Q4'25, the company's cash position showed a downward trend, falling from USD 9.55B to USD 4.88B, with a notable drop after peaking at USD 10.39B in Q1'24. In contrast, debt levels increased from USD 10.13B in Q1'23 to USD 14.05B in Q4'25, with significant growth observed in early 2024 and remaining elevated thereafter. This divergence indicates rising leverage and a weakening liquidity position over the covered period.