As of Q4'26, Walmart's cash and short-term investments stood at $10.7B USD, reflecting a modest increase from $10.6B in Q3'26 but remaining below the peak of $13.9B observed in Q2'24. Meanwhile, total debt was reported at $67.1B USD, down slightly from $68.4B in the prior quarter, yet significantly higher than the $60.1B low in Q4'25. Over the period from Q1'24 to Q4'26, cash and short-term investments exhibited volatility with an overall downward trend, declining from $10.6B to a low of $8.8B in Q2'25 before stabilizing around $9-10B in recent quarters, indicating prudent liquidity management amid fluctuating operational needs. In contrast, debt levels showed greater stability with minor fluctuations between $60B and $70B, peaking at $69.7B in Q3'24 and $68.4B in Q3'26, underscoring a consistent leverage strategy that maintains debt well above cash reserves throughout the timeframe.