Equation
The equation for the f-ratio is N = f / D, where N is the f-ratio, f is the focal length, and D is the diameter of the aperture. From this equation, the numerator is the focal length.
Stops
In photography, a smaller aperture leads to less light exposure. When the denominator of the f-ratio, the aperture diameter, D, decreases by a factor of sqrt(2) (approximately equal to 1.414), the light intensity halves. Decreasing the denominator has the effect of increasing the total f-ratio.
Fractional Stops
In the past, photographers selected stops, and hence f-ratios, by setting an aperture scale, with the aperture getting smaller as the scale progressed from f/2 to f/8. Modern aperture settings allow for intermediate f-ratios in between the standard fractional stops.
Sunny 16 Rule
One implementation of the f-ratio is the "Sunny 16" rule, which states that on a sunny day, a photographer gets the correct exposure by using an aperture of f/16. This represents a very small aperture in relation to the focal length, since on a sunny day, a small aperture prevents the abundant light from overexposing the film.