As of Q4'25, Verizon ( VZ ) reported Cash & Short-term Investments of USD 19.05B and Debt of USD 181.64B. This marks a significant increase in cash holdings compared to previous quarters, while debt levels also saw a notable rise from the prior quarter. From Q1'23 to Q4'25, the chart shows that Verizon's cash position fluctuated modestly until Q3'25, followed by a sharp surge in Q4'25. Debt levels have remained relatively stable, ranging between USD 167.71B and USD 178.33B, with a slight downward trend until Q3'25 before jumping to the highest point in Q4'25. This pattern suggests a recent strategic shift, possibly reflecting major financing or liquidity events at the end of the period.