Meaning of the leibniz notation for the derivatives of parametric equations

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I'm trying to understand the meaning behind the leibniz notations when taking the derivative of a parametric equation.

Say we have $x=f(t)$ and $y=g(t)$

Why does the derivative of this equal $\frac{\frac{dy}{dt}}{\frac{dx}{dt}}$? I guess what I'm trying to ask is, how does the "derivative of $y$ with respect to $t$" over "derivative of $x$ with respect to $t$" equal "derivative of $y$ with respect to $x$"? And what happens when I want to take a second derivative of a parametric equation? How would that work?