A multilayer capacitor includes a multilayer body with a plurality of dielectric layers, a plurality of first and second inner electrodes alternately laminated, and a plurality of terminal conductors formed on the multilayer body. The plurality of first and second inner electrodes is electrically connected to each other through the connecting conductors. In the plurality of first and second inner electrodes, at least one first inner electrode and one second inner electrode whose number is smaller than the total number of first and second inner electrodes by at least 1 is electrically connected to the first and second terminal conductors through a lead conductor, respectively. The equivalent series resistance of the multilayer capacitor is set to a desirable value by adjusting the number of at least one first inner electrode and one second inner electrode electrically connected to the first and second terminal conductor through the lead conductor, respectively.