The invention relates to a thiol-functional organic compound having on average at least 3.1 thiol groups per molecule, and having carbon atoms, oxygen atoms, and sulfur atoms, and optionally further heteroatoms, and wherein the ratio of the number of carbon atoms (C) to the sum of the number of heteroatoms (HA), (C/HA) is at least 2.0,and wherein the thiol groups are derived from 2-mercapto acetic acid, 2-mercapto propionic acid, or 3-mercapto propionic acid, or esters thereof; and to a liquid coating composition comprising the thiol-functional compound and a thiol-reactive crosslinker.