Abstract: A multilayer capacitor in which first and second groups of inner electrodes each respectively comprising a plurality of inner electrodes are arranged so as to be overlapped with each other and spaced apart by a ceramic layer in a sintered body composed of dielectric ceramics. The inner electrodes are alternately led out to first and second side surfaces of the sintered body and a pair of outer electrodes are formed on the first and second side surfaces of the sintered body. The first and second groups of inner electrodes are arranged spaced apart from each other by a ceramic layer having a thickness of "a" satisfying the condition a.gtoreq.2b, where "b" is the thickness of the ceramic layer between the inner electrodes in each of the first and second groups of inner electrodes.