As of Q1'26, VRT's cash and short-term investments reached $2.50B, marking a significant increase from the previous quarter, while total debt stood at $3.19B, reflecting a modest rise. This latest data point indicates improving liquidity, with cash levels surpassing $1B since Q4'24 and continuing an upward trajectory into 2026. Over the period from Q2'23 to Q1'26, cash and short-term investments exhibited strong overall growth, rising from $275M to $2.50B—a more than 8-fold increase—driven by consistent quarterly gains, particularly accelerating from Q1'24 onward with notable peaks in Q3'25 ($1.99B) before a slight dip and rebound in Q4'25 and Q1'26. In contrast, debt remained relatively stable and gradually increasing, fluctuating narrowly between $3.08B and $3.19B, suggesting controlled leverage with minimal volatility. The net result shows VRT's cash position strengthening relative to debt, enhancing financial flexibility amid expansion.