A multi-layer ceramic electronic component includes: a ceramic body including first and second main surfaces facing in a first axis direction, first and second end surfaces facing in a second axis direction, and first and second internal electrodes; a first external electrode including a first cover portion covering the first end surface, and a first extended portion extending from the first cover portion to the second main surface; and a second external electrode including a second cover portion covering the second end surface, and a second extended portion extending from the second cover portion to the second main surface, the multi-layer ceramic electronic component satisfying that, when T1 represents a dimension of the ceramic body in the first axis direction and T2 represents a dimension of each extended portion in the first axis direction, T1+T2 is 50 μm or less, and T2/(T1+T2) is 0.32 or less.