Never before has captaincy looked so easy and comfortable.
Ponting is the captain with a Midas touch.
His main contribution is that his team have been maintaining lofty standards in two successive Cups.
When he was named skipper in 2002, he had to keep alive a tradition which had seen Australia grow in strength with each passing year under the captaincy of Allan Border, Mark Taylor and Steve Waugh.
Ponting is now on the verge of making history. He is aiming to do what none of his illustrious predecessors have done -- helping Australia win the third successive title. They were the champions in 1999 and 2003.
He has rich batting and bowling resources at his command as his team have so far never looked like losing a game in the ongoing tournament. And he says his unchallenged side can still improve and play better cricket.
"We have maintained very high standards throughout the tournament and our skills have been exceptional," he said ahead of Saturday's final against Sri Lanka here.
"We think we have got some improvements to come. When the bigger games come, the Australian team stands up. I hope we will do it in the final."
Australia are unbeaten in their last 28 Cup matches, including 21 wins under Ponting's captaincy.
Like his Sri Lankan counterpart Mahela Jayawardene, Ponting also leads by example. It is a tribute to his consistency that he has maintained his high batting standards in successive Cups.
Ponting likes challenges and his explosive century in the 2003 Cup final against India was one of the most memorable innings played in a big match of a big tournament.
He was only the second captain to have made a century in the Cup final, the other being West Indian Clive LLoyd who did it in 1975 against Australia at the Lord's.
Ponting was also the fourth batsman to score a hundred in the final after West Indians Lloyd and Viv Richards (v England in 1979), and Sri Lankan Aravinda de Silva (v Australia in 1996).
But he was to face the biggest test before leading his team to victory.
Many captains would have failed to cope with the absence of two key bowlers before and during a mega event, but not Ponting who was made of sterner stuff.
He lost leg-spinner Shane Warne before the event following a drug-ban and then in-form Jason Gillespie to an injury after a few group matches, but did not let the setbacks affect his team's performances.
Ponting was in a similar situation this time also when he did not have the services of ace paceman Brett Lee, who was ruled out of the tournament due to an injury. Still, Australia's standards did not slip.
He has so far scored 502 runs in 10 matches with one hundred and four half-centuries. He is Australia's leading run-getter in the shorter version of the game, with 10,358.