In the latest fiscal period Q3'26, Zscaler (ZS) reported Cash & Short-term Investments of 3.54B USD and total Debt of 1.86B USD. This reflects a healthy liquidity position with cash reserves significantly exceeding total debt obligations. From Q4'23 to Q3'26, the company demonstrated a strong upward trend in capital accumulation, with cash reserves growing by approximately 68.5% from 2.1B USD. While debt levels remained relatively stable near 1.2B USD for several quarters, a notable increase occurred in Q4'25, jumping to 1.8B USD, though this was offset by a simultaneous record surge in cash holdings to 3.57B USD. Overall, the company maintains a robust net cash position, characterized by consistent growth in liquid assets that outpaces its long-term liabilities.